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The Langers Forum
Economics Nerd Central/ The Global Inflation Thread
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<blockquote data-quote="leesider" data-source="post: 7106729" data-attributes="member: 67"><p>Reading the Irish account by Cormac Lucey in the Times yesterday and it doesn't look we are as well off as we think.</p><p></p><p>To summarise you would normally look at GDP to understand the size of an economy but as there are so many multi-nationals in Ireland we started looking at GNP but when this was deemed unrealistic we came up with the GNI. Now a study by Honohan is saying that when you take into account purchasing power we actually slip further back due to the high cost of most things here. </p><p></p><p>So normally we are in the top 2 for wealth in the EU but realistically we are between 8th and 12th. This should have implications for how we plan for the future and what we pay into the EU.</p><p></p><p>[URL unfurl="true"]https://archive.ph/cmkhj[/URL]</p></blockquote><p></p>
[QUOTE="leesider, post: 7106729, member: 67"] Reading the Irish account by Cormac Lucey in the Times yesterday and it doesn't look we are as well off as we think. To summarise you would normally look at GDP to understand the size of an economy but as there are so many multi-nationals in Ireland we started looking at GNP but when this was deemed unrealistic we came up with the GNI. Now a study by Honohan is saying that when you take into account purchasing power we actually slip further back due to the high cost of most things here. So normally we are in the top 2 for wealth in the EU but realistically we are between 8th and 12th. This should have implications for how we plan for the future and what we pay into the EU. [URL unfurl="true"]https://archive.ph/cmkhj[/URL] [/QUOTE]
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