Irish economy in 2015: 26% growth?

But where are the crane-filled skylines? Where are all the brand new cars? Where is the zero unemployment? Where are the tens of 1,000s of imported labourers? Ireland's doing OK but... a 26% increase in GDP? 😲

Originally posted by FMF
But where are the crane-filled skylines? Where are all the brand new cars? Where is the zero unemployment? Where are the tens of 1,000s of imported labourers? Ireland's doing OK but... a 26% increase in GDP? 😲

It comes down to 5 big multinationals moving their head office to Ireland. All their profits become Irish...ergo 26% growth. Actual growth is around 5-6%, still the highest in the EU...but yeah, that.

Originally posted by FMF
But where are the crane-filled skylines? Where are all the brand new cars? Where is the zero unemployment? Where are the tens of 1,000s of imported labourers? Ireland's doing OK but... a 26% increase in GDP? 😲

must have read that in the paper. it is like Obama's (cough) great recovery here in the US. Great recovery if you think you can live on what you make at McDonald's.