The Irish gross domestic product advanced by 2.5 percent on quarter in the three months to June of 2018, following an upwardly revised 0.4 percent contraction in the previous period. Personal consumption recovered, government spending went up faster and net trade contributed positively to GDP growth. In addition, fixed investment shrank less. GDP Growth Rate in Ireland averaged 1.45 percent from 1995 until 2018, reaching an all time high of 22.60 percent in the first quarter of 2015 and a record low of -4.80 percent in the first quarter of 2017.
GDP Growth Rate in Ireland is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ireland to stand at 1.00 in 12 months time. In the long-term, the Ireland GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.
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