Ireland returns to be the tiger of Europe

Ireland is definitely a new phase of economic development: according to data provided by the Central Bureau of Statistics of Dublin, the country has grown in 2015 to an astonishing percentage of 26.3%. The increase in GDP was revised from + 7.8% as previously reported, which had already been considered as far better than the results recorded in Europe and the West even more than an economic power like China.

At the base of the records review is the fact that the headquarters of the displacement effect for some multinational companies own in Dublin, attracted by the typical light taxation guaranteed by the state. But net profits of the multinationals, growth of GDP would be equally impressive: + 18.7% from + 5.7% initially estimated.

To push the boom there has been a doubling of net exports (+ 102%), that of industrial production (+ 97.8%) and + 4.5% chalked up by consumption. As a result of strong growth in the previous quarters, in the first three months of this year the GDP was down by 2.1% over the past quarter, the combined effect of a 11.2% chalked up net exports and – 16.1% of business investment. The net national product, though, that does not include the effects of the profits of the multinationals, it is also up 1.3%.

The macro indicators clearly confirm the optimistic situation: unemployment in the country has dropped to 7.8% in June (11.4% in 2013) while that of young people remains relatively high at 15.3%, although it is less than half the record rate in 2012.