Ireland's Q2 2024 GDP declines 1%, primarily from multinational sector, but personal spending and unemployment improve.

Ireland's GDP decreased by 1% in Q2 2024, down from an earlier estimate of growth, largely due to a decline in the multinational sector, particularly pharmaceuticals. Despite this, personal spending rose by 1.1%, and domestic economic growth was nearly 2% in the first half of the year. Unemployment fell to 4.5%, and construction activity increased, indicating a mixed economic landscape with strong consumer spending amidst sectoral challenges.

September 05, 2024
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