cso.ie/en/media/csoie/releas … q12012.pdf
Of interest to me are the YoY non-chain linked figures - not seasonally adjusted, nominal…
2012 Q1 GDP +4.3% vs 2011 Q1
GNP +3.6%
Since we hear so much about all the terrible austerity we’ve had, could the conclusion be drawn that austerity is working? 
ducks behind black swan
For a bit of perspective:
tradingeconomics.com/ireland … wth-annual
I believe this is real GDP growth rate, i.e. inflation adjusted.
This makes me believe that the GDP we currently have is consistent with a sustainable, non-bubble growth level over the past 13 years. That is, there is not going to be a ‘bounce-back’ - we are roughly where we should have been had we not had the bubble. Of course, with a crippling level of state and personal debt…
Indeed! This is what is going to make things worse,no matter what way you look at it.