CSO: Institutional Sector Accounts (Non-Financial and Financial)for 2011

This post was written by Philip Lane

this is a key data release - see here.

One Response to “CSO: Institutional Sector Accounts (Non-Financial and Financial)for 2011”

  1. michael burke Says:

    The Commission is presumably well aware of the distortions caused by MNCs to GDP data an in any case forecasts domestic demand in the Irish economy. So it can be judged on the multiplers it uses for domestic demand.

    Last year it was forecasting a cumulative declne in domistic demand over 2 years to 2013 of 0.4%. Now it is forecasting a contraction of 2.9% over the same period. This suggests that its own multipliers are something of an underestimate, to say the least.

    At least there is a modicum of honesty, or even a reality check at the IMF.

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