Gross domestic product sees slight rebound during second quarter

GDP estimated to have increased by 3.9% between April and June when compared to the first quarter of the year, driven mainly by an increase in multinational-dominated information and communication technology sector

While GDP has increased quarter-on-quarter, it is still down by 1.6% compared to the same period last year.

Early gross domestic product (GDP) estimates from the Central Statistics Office (CSO) suggested a slight rebound during the second quarter of the year after suffering a major contraction between January and March.

According to the CSO, GDP is estimated to have increased by 3.9% between April and June when compared to the first quarter of the year. The increase was driven mainly by an increase in the multinational-dominated information and communication technology sector.