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Ireland's GDP Grew By a Stunning 26% in 2015
Posted
July 14, 2016
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7,415
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July 14, 2016
7,415
61
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1.07%
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1:37Now PlayingJuly 13 -- Ireland's economy grew 26 percent in 2015, officials from the Central Statistics Office told a stunned room full of economists and reporters in Dublin on Tuesday. Previously, they had estimated growth of 7.8 percent. The figure is mostly explained by the open nature of Ireland’s economy and its attraction to U.S. companies seeking access to a 12.5 percent tax rate. Among firms that have inverted to Ireland, mostly through acquisitions, are Perrigo Co. and Jazz Pharmaceuticals Plc. Corporations with assets overseas of 523 billion euros ($580 billion) were headquartered in Ireland in 2014, up from 391 billion euros in 2013, according to the statistics office. Rabobank Senior Foreign-Exchange Strategist Jane Foley discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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