Ireland GDP Drops In Q2

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Thursday, Ireland's Central Statistical Office announced that the gross domestic product or GDP decreased 7.4% year-on-year in the second quarter, compared to the 9.3% fall recorded in the previous quarter. A year ago, the GDP was down 1.6%.

On a sequential basis, the GDP remained unchanged in the second quarter, after falling 2.3% in the first quarter.

Meanwhile, the gross national product or GNP decreased 11.6% on an annual basis in the second quarter, compared to the 13.1% fall in the previous quarter. Sequentially, the GNP was down 0.5%.

For the first half of the year, the GDP dropped 8.4% compared to the same period of the previous year. During the period, the GNP fell 12.4%.

Thursday, Ireland's Central Statistical Office announced that the gross domestic product or GDP decreased 7.4% year-on-year in the second quarter, compared to the 9.3% fall recorded in the previous quarter. A year ago, the GDP was down 1.6%. (Market News Provided by RTTNews)