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Minister Donohoe notes strong growth in GDP and encouraging indicators for the domestic economy GDP grew by 11.8 per cent year-on-year in the first quarter of 2021. This exceptional growth was led by exports which grew by 18 per cent year-on-year primarily due to strong growth in ‘contract manufacturing’. However, Modified Domestic Demand – a proxy for the domestic economy – fell by 5 per cent year-on-year, in-line with expectations. Consumer spending fell by around 12 per cent year-on-year in the first quarter while new housing output was down 21 per cent. While the level of restrictions in the first quarter of the year is in line with that of the first lockdown in the spring last year, the fall in domestic activity was not as severe.

Paschal donohoeQuarterly nationalModified domestic demandQuarterly national accountsPandemic unemployment paymentEconomic recovery planSummer economic statementபாஸ்கல் தொனொோேகாலாண்டு தேசியமாற்றப்பட்டது உள்நாட்டு தேவைகாலாண்டு தேசிய கணக்குகள்சர்வதேச பரவல் வேலையின்மை கட்டணம்பொருளாதார மீட்பு திட்டம்கோடை பொருளாதார அறிக்கை