Brussels, Belgium, June 5, 2026 (AFP) - Irish slump drags eurozone economy into red

NAMPA / AFP

2026-06-05

The eurozone economy recorded an unexpected contraction in the first quarter, dragged down by a sharp fall in Irish gross domestic product -- a recurring distortion linked to the accounting practices of the many multinationals based in the country. According to new data from the EU's statistics agency, GDP in the 21-country single currency area fell by 0.2 percent in the first three months of the year compared with the previous quarter -- sharply......

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