Concern as Irish growth rate dubbed ‘leprechaun economics’

Central Bank governor says State’s record 26% growth rate does not reflect economic activity

The changes are unlikely to affect Minister for Finance Michael Noonan’s proposed budgetary adjustment of €1 billion

The changes are unlikely to affect Minister for Finance Michael Noonan’s proposed budgetary adjustment of €1 billion

Central Bank governor Philip Lane has raised concerns about the level of economic growth recorded in Ireland for 2015, which has been revised up to 26 per cent by the Central Statistics Office (CSO).

The reclassified rate, nearly four times that recorded in China for the same period, reflected a 102 per cent spike in net exports.

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