According to comprehensive reports from Worldway Immigration: The BBC reported on September 18 that Ireland's economic growth reached 1.5% in the second quarter, an increase of 7.7% compared to the same period last year.
The above official data prompted the Irish government to raise its growth forecast twice within one week and pledge that no new austerity policies would be implemented.
Irish Minister for Finance Michael Noonan stated that the country's economic growth rate for 2014 has been raised from 2.1% last week to 3%, and is now at approximately 4.5%. He also told reporters that Ireland's economy is currently in a "catch-up phase following a recession."
It is reported that Ireland's total economic output this year has grown by 7.7% compared to the same period last year, marking the highest growth rate since the early 21st century, while the Eurozone growth rate reached only 0.7%. This economic recovery is attributed to factors such as years of austerity policies and international government bailouts.
Worldway Immigration Editor