Irish economy exits technical recession with 1.1% Q1 GDP growth, driven by tech sector.
Irish economy recovers with 1.1% GDP growth in Q1, driven by tech sector. The Central Statistics Office (CSO) reported a 1.1% increase in GDP for January-March compared to the previous quarter, ending a five-quarter contraction period. GDP had fallen in the previous three quarters, placing the Irish economy in a technical recession. Despite GDP contraction in 2023, modified domestic demand remained positive.
April 29, 2024
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