Ireland’s gross domestic product fell by 6.1% quarter-on-quarter from April to June, pushing the economy into recession after an initial estimate that it expanded in the first quarter was revised downwards.
The impact of restrictions to slow the spread of COVID-19 varied across the economy, the Central Statistics Office (CSO) said in a statement, as growth continued in some of the more globalised sectors, with industry up 1.5%.
However, the quarterly drop was the sharpest on record, surpassing the 4.7% decline in the fourth quarter of 2008 while modified domestic demand, a measure that strips out some of the ways large multinational firms can distort Irish GDP, decreased by 16.4% in the quarter, the CSO said.
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
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Morning Briefing
€2.8bn rail project to reshape Malta’s transport network
Malta plans to build a 24-kilometre light rail line linking St Paul’s Bay to the airport as part of a wide...
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The p...
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The oil prod...
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