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

Alive and Kicking Full Episode...

00:46:12

Alive and Kicking Full Episode 06/07/25

Alive And Kicking With Clare McKenna

00:46:12


Beat The Lotto

00:15:17

Beat The Lotto

The Anton Savage Show

00:15:17


Part Three: The Stereotype of...

00:14:37

Part Three: The Stereotype of What Health and Wellness Looks Like

Alive And Kicking With Clare McKenna

00:14:37


Part One: Supporting Employees...

00:13:51

Part One: Supporting Employees Living With Cancer

Alive And Kicking With Clare McKenna

00:13:51