Ireland retains crown as fastest-growing EU economy.
Brussels predicts GDP growth in Ireland will reach 3.5% in 2015, down from 2014’s 4.8% high but still ahead of Britain and Germany.
Ireland’s tiger economy roared back to life last year and will retain its crown in 2015 as the fastest growing in the EU, according to Brussels’ latest forecasts.
An export boom has put Dublin at the top of the growth league while the bulk of the EU continues to pay the price of internal wrangling over Greece and the after-effects of strict austerity measures.
The pace of GDP growth in Ireland will dip to 3.5% in 2015 after reaching 4.8% in 2014, but remains ahead of Britain’s 2.4% and Germany’s 1.5%, the European commission said in its winter 2015 forecast.
Ireland’s debt-to-GDP ratio remains one of the highest in the EU at 115%, unemployment is in double digits and prime minister Enda Kenny has described the recovery as fragile in recent speeches.
http://www.theguardian.com/world/2015/feb/05/ireland-fastest-growing-eu-economy
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