Advertisement

Conall Mac Coille the Chief Economist with Bank of Ireland.

Using GDP as a measure of economic growth, the Irish economy shrank by a whopping 3.4% over the past 5 consecutive quarters.  But since that number is wildly distorted by profit repatriation from foreign multinationals based here, GDP is not taken as a serious measure of economic activity here.  One of the preferred measures is Modified Domestic Demand and according to Bank of Ireland’s forecasts, MDD will grow by 2.3% this year and 3% in 2025.   Speaking to Joe this morning was Conall Mac Coille the Chief Economist with Bank of Ireland.  

Share this article

06.45 6 Feb 2024


Conall Mac Coille the Chief Economist with Bank of Ireland.



Share this article

06.45 6 Feb 2024


Using GDP as a measure of economic growth, the Irish economy shrank by a whopping 3.4% over the past 5 consecutive quarters.  But since that number is wildly distorted by profit repatriation from foreign multinationals based here, GDP is not taken as a serious measure of economic activity here.  One of the preferred measures is Modified Domestic Demand and according to Bank of Ireland’s forecasts, MDD will grow by 2.3% this year and 3% in 2025.  

Speaking to Joe this morning was Conall Mac Coille the Chief Economist with Bank of Ireland.  


Read more about

Breakfast Business

Related Episodes

Winners and Sinners

00:26:31

Winners and Sinners

The Hard Shoulder Highlights

00:26:31


You Are What You Eat: Kimchi

00:15:31

You Are What You Eat: Kimchi

The Hard Shoulder Highlights

00:15:31


Sport with Eoin Sheahan

00:08:49

Sport with Eoin Sheahan

The Hard Shoulder Highlights

00:08:49


Do we need to decriminalise dr...

00:11:33

Do we need to decriminalise drugs?

The Hard Shoulder Highlights

00:11:33