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Irish GDP up 7.8pc in 2015, emerges from worst-ever recession
IRELAND's GDP grew 7.8 per cent year on year in 2015, cementing its position as the fastest-growing in the euro region, reports Bloomberg.
Emerging from the worst recession in the nation's modern history, Irish consumer spending rose 3.1 per cent in the fourth quarter from the year earlier.
Gross domestic product rose an annual 9.2 per cent in the fourth quarter, the Central Statistics Office said. From the previous quarter, the economy grew 2.7 per cent, up from 1.5 per cent in the third quarter.
Government spending dropped 6.8 per cent and gross capital formation increased 28 per cent, the statistics office said. Exports rose 16 per cent in the three months ended in December from the year-earlier period while imports rose 15 per cent.
Emerging from the worst recession in the nation's modern history, Irish consumer spending rose 3.1 per cent in the fourth quarter from the year earlier.
Gross domestic product rose an annual 9.2 per cent in the fourth quarter, the Central Statistics Office said. From the previous quarter, the economy grew 2.7 per cent, up from 1.5 per cent in the third quarter.
Government spending dropped 6.8 per cent and gross capital formation increased 28 per cent, the statistics office said. Exports rose 16 per cent in the three months ended in December from the year-earlier period while imports rose 15 per cent.
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