Business

ONS: Northern Ireland economy grew by 0.8 per cent in final quarter of 2021

THE north’s economy grew by around 0.8 per cent in the final three months of last year, official data from the London-based Office for National Statistics (ONS) suggests.

While below the UK average of one per cent growth in the fourth quarter (Q4) of 2021, the ONS has identified Northern Ireland as one of the strongest performing UK regions in terms of its recovery from the pandemic.

However, the ONS economic modelling used by ONS may not have factored in the recent post-Brexit changes in Northern Ireland.

Recent estimates from ONS in 2021 have produced different conclusion to the

Northern Ireland Statistics and Research Agency (Nisra).

Nisra’s analysis found the north’s economy grew by 1.5 per cent in the third quarter of 2021, while the ONS estimated a more measured 0.9 per cent.

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Business