India, Jan. 28 -- Ireland's economy shrank in the final quarter of 2024 after bouncing back strongly in the previous quarter, preliminary figures from the statistical office CSO showed on Tuesday.
Gross domestic product fell a seasonally adjusted 1.3 percent sequentially in the fourth quarter, reversing a 3.5 percent expansion in the third quarter. Further, this was the biggest decline in one year.
The result was driven mainly by a fall in the multinational-dominated industry sector, the agency said.
On a yearly basis, GDP increased at an accelerated pace of 6.3 percent in the December quarter versus a 2.9 percent recovery in the previous quarter.
Compared with 2023, the Irish economy grew 0.3 percent during the year 2024.
Separate off...