Analysts at Goodbody Stockbrokers say that the Irish economy appears to be on track to achieving 5.5% GDP growth for the full year

Newratings:

In a research note published this morning, the analysts mention that although GDP growth declined from 5.7% y/y in 1Q to 5.0% y/y in 2Q, the strength of the Irish economy remains impressive. The economy recorded 3.6% y/y growth in domestic demand in 2Q, taking the 1H figure up 5.0% y/y, the analysts say. Although gross domestic fixed capital formation declined 2.2% y/y in the quarter, this was mostly on account of a large y/y dip in aircraft imports, Goodbody Stockbrokers points out.

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