Economy in Ireland suffers largest quarterly drop on record due to Covid-19

Economy in Ireland suffers largest quarterly drop on record due to Covid-19

The annual GDP figure is down 3% compared to the same point last year. File picture

The economy shrank by 6.1% between April and June as the impact of the coronavirus pandemic brought the largest quarterly drop on record.

The decline in economic activity in the second quarter surpassed the 4.7% reduction recorded in the fourth quarter of 2008 - at the height of the financial crisis.

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