The pace of growth was lower that the 6.3% predicted by the Finance Department as the country braces for the impact of the coronavirus outbreak.
But Finance Minister Paschal Donohoe said this week that the country's highly integrated economy will inevitably be impacted by the expected global slowdown related to coronavirus. "While primarily a public health and well-being issue, the economic impacts have the potential to be significant," he added. Across the larger sectors, industry grew by 4% in volume terms while the information and communication sector grew by 18.5%.
The volitile nature of Irish GDP is due to the large cluster of multinational companies operating here, and the relevance of the headline figure has, as such, diminished over the past years.
change
And will drop soon