Irish GDP revision leap won't impact rating – S&P
LONDON (Reuters) – This week’s near 20 percentage point upward revision to Ireland’s 2015 economic performance will have no impact on the country’s sovereign credit rating, Standard and Poor’s said on Wednesday.
The Irish Central Statistics Office (CSO) said on Tuesday that the 7.8 percent GDP growth recorded in 2015 was wide of the mark and the true figure was 26.3 percent.
The huge revision was caused by a bunch of accounting oddities, the most striking of which w
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