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ARTICLE · 08 FEBRUARY 2022

M&A Review | 2021

William Fry LLP
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William Fry LLP

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Ireland's economy bounced back remarkably strongly in 2021 from the Covid-19 disruption of the previous year.

IrelandCorporate/Commercial Law
Stephen Keogh
Stephen Keogh
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Ireland's economy bounced back remarkably strongly in 2021 from the Covid-19 disruption of the previous year. The European Commission estimates that Irish GDP grew by 14.6% over 2021, making Ireland the best-performing economy in the European Union by some distance. Although the EC expects growth to moderate to 5.1% in 2022, this is still comfortably ahead of the 4.3% it anticipates across the EU as a whole.

Ireland's resurgence reflects both booming exports as the global economy rebounded from the significant number of multinational companies that have chosen to locate in the country, and a very strong performance from the domestic economy, with consumer spending sharply up compared with 2020.

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