The economy of Ireland has seen uplift as it moved towards growth in the first quarter with healthy corporations from outside the nation off-setting the weak local demand in the nation. The GDP increased by around 1.3 % during the months of January to March following the decline by 1.4 5 in the last quarter of the last year.
The Central Statistics Office has declared that Ireland features in the list of the three nations in the euro zone who are taking aid from the International Monetary Fund and the European Union.
The two other nations in the list are Portugal and Germany. While the GDP, which includes both national and international companies based in the country, showed a positive trend, the GNP or the Gross National Product is said to have shrunk by a margin of about 4.3 % in the first three months of the year itself. Michael Noonan, the Finance Minister has expressed that the Gross Domestic product was very motivating and stated that the administration had always been confident that the growth will be driven by the exports industry.