India, March 5 -- Ireland's economy shrunk in the fourth quarter of 2020 due to a weaker performance of exports and a decline in consumer spending amid a resurgence of coronavirus infections across Europe, figures from the statistical office showed Friday.
Gross domestic product decreased 5.1 percent from the third quarter, when the economy expanded 11.8 percent.
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Gross national product, which is a measure of economic activity that excludes the profits of multinationals, increased 8.5 percent following a 0.8 percent fall in the previous three months. For the full year 2020, GDP 3.4 percent after a 5.6 percent increase in 2019. GNP grew 0.6 percent followi...