Minister for Public Expenditure and Reform, Brendan Howlin, T.D. welcomes CSO figures

Issued 18 September 2014

“Today’s national account figures which suggest that Irish GDP grew by 7.7% in the year to June and Irish GNP by 9% represent a remarkable turnaround in the performance of the economy in the lifetime of this Government.

They are a testament, primarily, to the fortitude of the Irish people and to the three pronged approach to the economy deployed by this Government of correcting the imbalance in the public finances, repairing our banking system and investing in jobs and capacity.

This Government is determined to build on these positive figures. We remain committed to managing the public finances in a manner that serves to promote the economy’s long term economic sustainability and potential for employment growth.

Many people criticised the approach adopted by the Government. They advocated short term and short termist solutions that would have done untold damage to the Irish economy and our people.

We have more work to do but today’s figures are a vindication of the actions we have taken so far and an indication that these policies should not be abandoned as the evidence mounts that they are working”

Ends