Allied Irish Bank (AIB) has projected continued growth for Ireland’s domestic economy, suggesting that concerns over US tariffs are beginning to ease, according to the bank’s latest Economic Outlook report. The report paints an optimistic picture of Ireland’s economic resilience, noting that the domestic economy has proven capable of recovery even amid global uncertainties. AIB … Read more
Ireland’s economy recorded a sharp 9.7 per cent growth during the first quarter of the year, largely fueled by a surge in exports — particularly from the pharmaceutical sector — just ahead of new tariffs introduced by the Donald Trump-led US administration. According to the Central Statistics Office (CSO), the robust figures were influenced by … Read more
Ireland is well equipped to weather the latest external shock—the imposition of tariffs by US President Donald Trump, according to a new report from stockbrokers Davy. The report highlighted that Trump’s tariff policies have disrupted global trade and heightened uncertainty, with potential repercussions including a US recession and a slowdown in global economic growth. While … Read more
Ireland’s economic outlook appears promising as the Economic and Social Research Institute (ESRI) forecasts steady growth in the coming years. Modified Domestic Demand (MDD) is projected to increase by 2.3 percent this year and 2.5 percent in 2025, while Gross Domestic Product (GDP) is expected to grow by 2.5 percent in 2024 and 2.3 percent … Read more
An Exchequer surplus of €7.9 billion was recorded in the year to the end of September 2022. This compares with a deficit of €6.2 billion in the same period last year. The €14.1 billion improvements in the Exchequer balance was primarily driven by a decline in COVID-related expenditure and by strong growth in tax revenue, … Read more
Irish economy will see a growth in Gross Domestic Product (GDP) by 13.6% towards the end of 2021, the Economic and Social Research Institute (ESRI) has predicted. The strong export and international trade will help Ireland to continue the growth despite of the ongoing pandemic situations. The unemployment will also decrease by 7% by the … Read more