STRABANE DC

When Eire's Central Statistics Office (CSO) published that, in 2015, that the country's GDP had risen by 26%, over 50 billion, exports jumped by 75 billion, imports increased by 40 billion and productive assets rose from 700 billion to 1000 billion, some may have been inclined to see this as an excuse to throw a party, a measure of the supreme success of the economic and political minds of contemporary Ireland and sure fire guarantee of their financial security for the next decade. But for many it was nothing more than a mirage that could be laid at the door of a few usual suspects... This is where production of a good or component is outsourced overseas on the behalf of the company in Ireland. This sourcing across multiple jurisdictions complicated national accounting but is a feature of modern globalization. In fact the COS has known that the GDP figures of Ireland have been artificially inflated for a number of years, alerted to the situation by a government advisory council in..

Primary location: United Kingdom