Quarterly Economic Commentary, Winter 2013

Duffy, David and FitzGerald, John and Timoney, Kevin and Byrne, David (2013) Quarterly Economic Commentary, Winter 2013. [Working Paper]

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Abstract

The Irish economy has turned the corner and domestic demand in 2013 is estimated to have grown by 0.9 per cent, the first increase in this aggregate since the crisis began. It is a portent of a stronger recovery in 2014 and 2015. On top of this mild recovery in domestic demand, there is a continuing stimulus to the economy from the export sector, in particular from the growth in exports of services. When taken together these developments mean that GNP is likely to have grown by 2 per cent this year and the current-account surplus is likely to have further increased on the 2012 outturn.

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