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flag Ireland entered a technical recession with a 0.6% GDP drop in Q4 2025, driven by industrial decline.

flag Ireland's economy shrank by 0.6% in the fourth quarter of 2025, marking its third straight quarter of decline and confirming a technical recession, according to preliminary data from the Central Statistics Office. flag The downturn was largely due to a contraction in the multinational-driven industrial sector, while annual GDP growth slowed to 3.7% from 10.8% in the prior quarter. flag Belgium, meanwhile, saw modest growth of 0.2% in the same quarter, with gains in construction and services offsetting a drop in industry.

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