FX.co ★ Ireland's GDP Growth Accelerates to 1.2% in Second Quarter 2024

The Irish economy exhibited promising growth in the second quarter of 2024, with the Gross Domestic Product (GDP) rising to 1.2%, according to the latest data updated on 29 July 2024. This marks a noticeable acceleration from the first quarter's growth rate of 0.9%.

The comparison, based on quarter-over-quarter performance, indicates a strengthening economic trajectory as the country builds momentum. The previous quarterly assessment revealed a more modest increase, setting the stage for this quarter's more robust expansion.

Economists are keenly observing this upward trend as Ireland continues to navigate through global economic headwinds. This growth not only underscores the resilience of the Irish economy but also raises cautious optimism about sustained economic performance in the upcoming quarters.

Further detailed analysis and sector-specific reports are anticipated, which will provide a clearer picture of the underlying factors driving this growth.