DUBLIN: Ireland's economy grew by 1.5 per cent in the third quarter, showing a tentative recovery may be gathering momentum and handing the government a boost as it emerges from an EU/IMF bailout.
Economists surveyed by Reuters had expected Irish gross domestic product ( GDP) to grow by 0.7 per cent to expand for a second quarter in a row.Ireland emerged from its second recession in five years earlier in 2013.
Ireland's trade-dependent economy continued to be hit by weak demand in Europe with exports contracting by 0.8 percent quarter-on-quarter, but consumer spending increased 0.9 per cent after suffering a big fall at the start of the year.
Ireland's current account surplus was 3.4 billion euros in the quarter, the data showed.
indiatimes.com
Economists surveyed by Reuters had expected Irish gross domestic product ( GDP) to grow by 0.7 per cent to expand for a second quarter in a row.Ireland emerged from its second recession in five years earlier in 2013.
Ireland's trade-dependent economy continued to be hit by weak demand in Europe with exports contracting by 0.8 percent quarter-on-quarter, but consumer spending increased 0.9 per cent after suffering a big fall at the start of the year.
Ireland's current account surplus was 3.4 billion euros in the quarter, the data showed.
indiatimes.com
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