Irish economy

New Irish economic forecasts


We have revised down our forecast for Irish GDP growth to 3% in 2023 due to poor out-turns in H1, mainly reflecting a very specific issue relating to the export of semi-conductors. This illustrates the outsized impact of the multinational sector on Ireland’s GDP growth figures. However, we still expect a robust expansion in employment (3.3%), modified domestic demand (2.2%), consumer spending (3.1%) and indigenous sector output (5.3%) in 2023.

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Oct 4 2023, 07:05 IST/BST