Irish Economy Grows For First Time In Four Years – CSO

The economy grew by .7% last year according to statistics released by the Central Statistics office.

For first time in four years the economy has shown growth, but GNP, which excludes multin-national companies, fell by 2.5% in 2011.

The report shows that industries that exclude the Building and Construction sector grew by 4.5% while Agriculture, Forestry and Fishing increased by 2% between 2010 and 2011.

Exports performed strongly in 2011, while imports declined slightly so that there was an overall increase of €7.2bn in net exports.

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