Payback Time
by AIB Treasury Economic Research Unit
- The National Accounts data from the CSO for H1 2023 show that the rate of growth in the Irish economy has decelerated markedly from the breakneck speed seen in 2021 and 2022.
- The first quarter of this year saw a sharp decline in the output of multi-nationals operating in the manufacturing sector.
- Overall, it is probably best to look at the first half of the year in total, given the volatility of the data.
- Other data, though, point to the economy continuing to perform well this year.
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