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World

Ireland on track to hit GDP target for 2018

DUBLIN: Ireland is on track to hit its target of 7.5 percent gross domestic product growth for 2018 after it came in at

Dec 13 2018

DUBLIN: Ireland is on track to hit its target of 7.5 percent gross domestic product growth for 2018 after it came in at 7.4 percent at the end of the third quarter, Finance Minister Paschal Donohoe said on Thursday.

"While the headline GDP figures can overstate activity in the Irish economy, domestic measures such as modified domestic demand clearly indicate that the economy continues to perform strongly," Donohoe said in a statement.

"We must remain vigilant. The Irish economy faces a number of significant risks, in particular the potential fallout from Brexit, with the probability of a no-deal Brexit having risen of late, as well as increasing trade protectionism and potential overheating as the economy approaches full employment."

Copyright Reuters, 2018