But also in terms of economic management and in particular for Ireland that means that the economy has 2/4  BIS central bankers' speeches  to be as strong as possible, as resilient as possible, meaning growth has been very robust but it could be more balanced.
The true adjustment effort is likely to have been even larger than these numbers suggest due to significant revenue shortfalls in a context of rebalancing from (tax-rich) domestic demand towards (taxpoor) exports. This rebalancing has also been associated with significant improvements in current account positions.