Tracking indigenous Irish companies gives a better guide to Ireland’s real economic performance than measuring multinationals, according to new research. Its led to claims of so called “Leprechaun economics” after official data suggested the Irish economy had grown by aquarter in 2015. The article published by the ESRI today is called ‘Understand ingrecent trends in the Irish economy’. Based on the new CSO information, the contribution to NNP of sectors of the economy is broken down by foreign and domestically owned businesses. The results indicate that real NNP grew by around 5pc a year between 2013 and 2018.

Source: Irish Independent June 25, 2020 11:03 UTC