The Irish economy achieved strong growth in the first quarter of this year, reaching a value of 10.8% compared to 6.2% in the last quarter of last year.
Statistics Ireland data showed that the country’s economy grew strongly in the first quarter of this year, helped by the growth of sectors controlled by multinational companies operating in the country, as it recorded a 10.8% increase in gross domestic product. , seasonally adjusted, up from 6.2% in the last quarter of 2021.
The statement said that, on the other hand, there was a 0.4% decline in the gross national product, which excludes the profits of multinational companies, in the first quarter after it contracted 2.8% in the last quarter of last year. , indicating growth in sectors controlled by multinational companies at 14.1% in the first quarter compared to the last quarter of last year, while sectors focused on the local market recorded an increase of 7.6%.
He explained that Revised Domestic Demand, which is a broad measure of domestic economic activity and covers personal, government and corporate investment spending, recorded a 1 percent increase in the first quarter of this year compared to the fourth quarter of last year.
Source: El Iktisad
