The Irish economic miracle explained: Why all that glitters isn’t gold.

Piero Cingari Euronews 4 May 2026

Ireland’s GDP soared 12.3% in 2025 — but it was a mirage. Pharma multinationals front-loaded €25.4bn of exports to the US in March alone, ahead of Trump’s tariffs.

Now the first quarter of 2026 sees a contraction.