Completely meaningless in Ireland. A big firm can close down a production line and this will happen.The same criteria as usual, two consecutive quarters of declining real GDP.
In the 96 quarters since 1995 I calculate 10 instances of two quarters of declining quarter-on-quarter GDP.
Do you remember the recession over the winter of 2015, or the summer of 2007?
Of course not, because they are just statistical artefacts.