Very Informative Economic Overview

Here are a few bullet points - click through for a more complete overview. We are definitely going in the right direction.
  • This morning showed that the economy recorded a full year of growth in 2012 of 0.9 per cent
  • The Irish Economy returned to growth in 2011 and, as forecast, the Economy has grown for a  second successive year in 201 2 and will continue to grow this year
  • It is clear that the Government’s plan is working and we are making real progress in restoring growth to the Irish economy
  • This is in line with the Department of Finance’s Budget Day forecast of 0.9 per cent for the year as a whole.
  • GNP grew by 3.4 per cent, but this variable can be particularly volatile.
  • Today’s numbers show that export-led growth is continuing
  • Crucially, the numbers confirm that the domestic economy stabilised in the second half of last year -  Private consumption stayed positive (+0.2 per cent) in y-o-y terms for the second quarter in a row.
  • These must be viewed in conjunction with labour market developments. Employment grew for two successive quarters at the end of 2012. Unemployment, although high, is showing signs of falling.
  • We are taking steps to repair and boost the economy sector by sector and we have put in place a comprehensive strategy to create 100,000 net jobs by 2015 through the Action Plans for Jobs 
  • The Department of Finance will issue revised fiscal and economic forecasts as part of the Stability Programme Update in April.

CLICK HERE to see the full overview - well worth it.

 

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Tony Mulcahy

Tony Mulcahy

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