Irish Economic Growth - 7% last Year

Figures released by the CSO today reaffirm the strength of the Irish domestic economy, and arrive just one week after tax receipts came in €3 billion ahead of target. Ireland remains the fastest growing economy in the European Union - a hugely significant feat given the position Ireland was in just five short years ago. 

Labour TD Arthur Spring has said the Government needs to have a ‘laser-like focus’ on regional growth to make the recovery more real for people. 

“We need to support this growth with stronger job creation policies for rural areas. My main priority remains the creation of jobs and improvement of families’ lives in Kerry – and as a Labour TD I will continue to work with Tánaiste Joan Burton in standing up for families so that the recovery can make it to the kitchen table.”

Ireland’s debt peaked at 125% of GDP in 2013 as it completed a three-year bailout programme after a burst property bubble wrecked its economy and banking sector. One in eight mortgages is in arrears, but the economy has grown in part due to the low Euro.