Both multinationals and households helped drive the economy in the third quarter, official figures show, and up-to-date tax revenue returns and a fall in unemployment show that the strong recovery remains in place despite concerns over Covid variants, economists and business leaders say.<\/p>\n
New CSO figures showed that mostly thanks to the exports of multinationals, that GDP in the first nine months increased 14.5% from the same period last year when the pandemic first raged, and was also 21.7% bigger than in 2019 before the onset of the crisis.<\/p>\n
Other and more accurate measures of Irish economic activity also ballooned, although by the less dramatic amount.<\/p>\n
\nGross Domestic Product (GDP) grew by 0.9% in Quarter 3 2021https:\/\/t.co\/Fo8GIl6NlL<\/a> #CSOIreland<\/a> #Ireland<\/a> #NationalAccounts<\/a> #BalanceofPayments<\/a> #Economics<\/a> #Macroeconomics<\/a> #CapitalStocks<\/a> #FixedAssets<\/a> #GovernmentFinances<\/a> #GovernmentAccounts<\/a> #EconomicActivity<\/a> #Output<\/a> #ValueAdded<\/a> pic.twitter.com\/aPAOix2os1<\/a><\/p>\n
— Central Statistics Office Ireland (@CSOIreland) December 3, 2021<\/a><\/p><\/blockquote>\n