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Superlative 2015 Irish growth data massively distorted by tax moves

Irish gross domestic product grew by a stunning 9.2% year-on-year in the final quarter of last year, outranking India at 7.3% and China at 6.8%. GDP was 7.8% higher compared to 5.2% growth in 2014 while GNP (gross national product) was up 5.7%. The GDP performance was the best annual outturn since 2000. Last month we reported that unadjusted jobs data showed that zero jobs were added in the Irish economy in Q4 2015.