Ireland has attracted the European headquarters of many American multinationals. 434237021/studio v-zwoelf – stock.adobe.com
DECRYPTION – Artificially inflated, the country’s GDP statistics sow confusion in Europe.
Did Ireland save Europe from recession at the end of 2022? While most economists expected eurozone gross domestic product to contract in the fourth quarter, Eurostat reported growth of 0.1%. A positive figure entirely due to the insolent growth of 3.5% recorded by the Republic of Ireland over the three months, without which the euro zone would have posted a slight decline in its activity.
With a 12.2% increase in its GDP in 2022, after 13.6% in 2021 and even 6.2% in 2020 when all of Europe plunged into a historic recession due to Covid, Ireland is displaying unprecedented dynamism. release from its activity.
Read alsoReal estate: in Ireland, housing is the number one problem
But the reality behind these statistics is highly controversial. “For two to three years, we have seen more and more volatility in the figures for Ireland, which has an impact on those for the euro zone, notes Barclays economist Philippe Gudin. So that, when we make a diagnosis of the economic situation of the euro zone, we…
This article is for subscribers only. You have 80% left to discover.
Want to read more?
Unlock all items immediately. Without engagement.
Already subscribed? Login