Irish GDP Falls 12% in First Quarter as Multinationals Contract
Ireland’s GDP Plunges 12% in Q1 Amid Multinational Sector Contraction
Ireland’s economic output contracted sharply by 12% during the first quarter, driven primarily by a downturn in the multinational sector.
The figures highlight the significant volatility in the Irish economy, a situation underscored by the ongoing political landscape. The upcoming election in Ireland will serve as a critical assessment of the nation’s ability to manage its substantial cash surplus effectively.
Photograph: The NTMA building (center right) and the Central Bank of Ireland building (center left) are pictured along the River Liffey in Dublin on Friday, November 22, 2024. Credit: Paulo Nunes dos Santos/Bloomberg.
Source: Bloomberg Generated at: 2026-06-04 10:25:30 UTC
