Irish economy contracts by 1.2%
“The Irish Republic’s economy shrank in the second quarter from the previous three months, surprising analysts who had been expecting growth.
Gross domestic product (GDP) fell 1.2%, the Central Statistics Office said. It also revised down its measure of growth in the first quarter to 2.2% from 2.7%.
Gross national product (GNP), seen by some as a more accurate barometer of the economy, fell by 0.3%.”