Ireland's economy shrank more deeply and faster than initially estimated in the first quarter, the latest data from the statistical office CSO showed on Thursday.
Gross domestic product fell a seasonally adjusted 12.1 percent sequentially in the first quarter, much faster than the 4.2 percent decline in the fourth quarter. In the flash estimate, the rate of fall was only 2.0 percent. Thus, the country continued to remain in recession as the GDP fell for the fourth straight quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.