The growth of GDP in the euro zone in the first quarter was checked this Friday with 0.6% on Friday against +0.3% during the previous estimate in early May.
According to an Oxford Economics analysis, “this review is due to the extreme variation in the growth of Ireland in the first quarter, without which GDP in the euro zone increased by 0.3%.”
In fact, the growth of Ireland went from 3.2% to 9.7% in the quarterly sliding.
Total exports increased by 9.4% in the first three months of 2025, or more than 18 billion euros, exports of goods increase by almost 15%.
Irish companies in pharmaceutical, food, medical, machines and others have exported goods to the United States at a fast pace in the context of efforts to reduce their exposure to a series of measures of punitive rates in goods that enter the country, explains the Irish site.
In March alone, Irish exports to the United States increased from 5,100 million euros to 25.4 billion euros, or a growth of almost 400%.
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Source: BFM TV
