Irish economy sees growth but at much slower rate than expected

Ireland’s gross domestic product grew by 0.5% between April and June compared to a drop of 2.6% between January and March this year, CSO data shows

Finance Minister Michael McGrath said while the data confirms growth in the domestic economy, he is conscious of several headwinds such as capacity constraints. Picture: Sam Boal /RollingNews.ie

Ireland’s economy grew marginally between April and June, following two quarters of reductions, but the pace of growth was significantly slower than previously estimated, new data from the Central Statistics Office (CSO) shows.

According to the latest national accounts, Ireland’s gross domestic product grew by 0.5% between April and June compared to the first three months of the year.