Its GDP collapsed by 12% in the first quarter (it had jumped by 7.4% a year ago): why Ireland's growth is yo-yoing, distorting euro zone data and annoying the United States
⚡ Quick Summary
The sharp drop in Irish GDP weighed down the euro zone figures in the first quarter of 2026.
The sharp drop in Irish GDP weighed down the euro zone figures in the first quarter of 2026. But these fluctuations mainly reflect variations in the activities of multinationals attracted by Irish taxation, while the country's domestic economy remains generally solid.
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