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Irish economy was one of the few in EU to grow in 2012


Suttree

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Nov 7, 2011
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I'm sure someone will be along shortly to explain how this is a bad thing, or at the very least how we shouldn't derive even a slight bit of satisfaction from it when something (anything) else is going wrong.
 

GDPR

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Why wouldn't it?

We have and have always had a fundamentally sound export based economy.

This may come as a surprise to many here, but even though this is Ireland, we don't get everything wrong.
 
D

Dylan2010

its all well in good but until the answer to the question of "is the national debt compounding faster than growth?" changes , its still deck chairs and titanic.
 

Rocky

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Dec 9, 2004
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It is actually quite impressive how we're managing to grow albeit slowly while the rest of the EU stagnates.
 

Roll_On

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It's great news, but we really need higher growth. Hopefully we'll be up to 2% GDP growth for 2013. I've always thought that FG are the only party that have even the vaguest of notions what to do with the purse strings, with all the others being pro spending parties. *Note not that I agree with all of FG financial policy, and I strongly disagree with the cuts to frontline services, while maintaining bloated senior civil servant and TD's salaries, pensions, bonuses and expenses.
 

Trainwreck

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GDP seems to be bumping along at about €40 billion per quarter since the start of 2011. I can't see the recovery.
 

Iphonista

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Jun 6, 2012
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Why wouldn't it?

We have and have always had a fundamentally sound export based economy.

This may come as a surprise to many here, but even though this is Ireland, we don't get everything wrong.
I totally agree. But don't underestimate the doom pornistas....
 

Iphonista

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its all well in good but until the answer to the question of "is the national debt compounding faster than growth?" changes , its still deck chairs and titanic.
Well, if you want an answer, you could Google "Irish debt to GDP ratio".
 

Iphonista

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GDP seems to be bumping along at about €40 billion per quarter since the start of 2011. I can't see the recovery.
I don't suppose you were one of those people who last time around wanted to only discuss the GNP, were you? :)
 

Roll_On

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the rate of debt increase relative to GDP is slowing, which is a good sign.
 

LamportsEdge

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Jan 10, 2012
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All that graph says to me is the damage that Anglo Irish Bank has done and continues to do the Irish Economy.

How are we doing on the Garda Banking Investigation? Or are they waiting for a longer time series so that the graph won't look so bad?
 

Trainwreck

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I don't suppose you were one of those people who last time around wanted to only discuss the GNP, were you? :)
GNP is the better measure. GNP seems to have been bumping around 33 billion per annum since 2011. Again I can't yet see recovery.


And debt to income ratio stabilising this year? That can't be right, unless we are going to get 8% growth.
 

henryhill

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Jun 2, 2007
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A tiny amount of growth following a huge collapse is not at all impressive. There is much more unused capacity in the economy than this.
 

Taxi Driver

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Jan 8, 2011
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Quarterly changes in GDP

Q3 '12: -0.4%
Q4 '12: -0.0%

Two quarters of a row in contractions means...
 

LamportsEdge

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Jan 10, 2012
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To be honest I am fairly certain that the normal Irish economic indicators are as fake as the US employment statistics.

I note the sudden appearance of a glee club around this not-very-reliable-in-ordinary-times measure of an economy though:)

Is this the Fine Gael napkin version of 'We have turned a corner'?
 
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