Irish GDP and GNP both fell in second quarter of 2010
Sep 23rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Initial estimates for the second quarter of 2010 show a fall on a seasonally adjusted basis, of 1.2% in GDP (gross domestic product) and a fall of 0.3% in GNP (gross national product) compared with the previous quarter. In quarter 1 there was an increase of 2.2% in GDP and a decrease of 1.2% in GNP compared to Quarter 4 ‘09. In comparison with the corresponding quarter of last year, GDP in constant prices was 1.8% lower while GNP was 4.1% lower.