The Irish Times·4 min read·medium
Irish economy shrank by 1.6% in 12 months to June, CSO estimates
I
Ian Curran
✦AI Summary
Ireland's GDP contracted by 1.6% over the year ending in June, though the economy saw a 3.9% increase between the first and second quarters. Analysts note that these figures are heavily distorted by multinational activities, particularly in the ICT sector.
Ireland’s economy is estimated to have shrunk by 1.6 per cent in the 12 months to the end of June, the Central Statistics Office (CSO) said on Wednesday. However, the volatile numbers come on the back of a surge in exports last year as pharma firms here rushed to stockpile products in the US before Donald Trump ’s tariffs.
economybusinessworld
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in