Ireland revised its first‑quarter 2026 domestic economic growth lower, reporting that modified domestic demand expanded by only 0.3% quarter‑on‑quarter, a downgrade from the earlier 0.6% estimate. The same quarter’s gross domestic product (GDP) was adjusted to a 7.0% quarter‑on‑quarter decline, markedly better than the previously reported 12.1% drop, and on a year‑on‑year basis GDP fell 13.0%, revised from an earlier 17.1% decline. Modified domestic demand for 2025 was revised to a 4.7% increase, down from an initial 4.9% reading, while Ireland’s overall GDP growth for 2025 was corrected to 8%, lower than the first estimate of 12.3%, reflecting a slowdown after a strong prior pace driven by pharmaceutical export stockpiling to the United States. The fourth quarter of 2026 GDP was also revised, now showing a 3.6% decline versus the prior 4.2% figure. Year‑on‑year, modified domestic demand in the first quarter rose 3.4%, a reduction from the earlier 4.3% reading. These revisions underscore the impact of multinational activity distortions on Ireland’s economic metrics and provide a more tempered view of growth prospects.
Ireland Q1 Domestic Growth Revised to 0.3%
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