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flag Ireland’s economy shrank 0.1% in Q3 2025 due to a slowdown in multinational-driven industry, despite strong annual GDP growth.

flag Ireland’s economy contracted 0.1% in Q3 2025 from the previous quarter, primarily due to a slowdown in the multinational-driven industrial sector, despite a 10.5% annual GDP increase. flag The decline follows earlier growth fueled by pharmaceutical exports ahead of U.S. tariffs. flag While GDP remains elevated, officials warn it is distorted by multinational activity and emphasize modified domestic demand (MDD) as a more accurate measure, forecasting MDD growth of 3.3% for 2025. flag Retail sales showed resilience in September, rising 0.2% month-on-month.

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