Continued growth forecast for Irish economy but global headwinds a concern
Economic Eye provides an overview of the two economies on the island of Ireland. Authored by Dr. Loretta O’Sullivan, EY Ireland’s Chief Economist, our Spring Edition explores the outlook for the Republic of Ireland and Northern Ireland.
Continued growth is expected in 2025 in both economies, supported by strong labour markets and further monetary policy loosening. At the same time, global uncertainty must be addressed, including shifts in US policy. Focusing on innovation and infrastructure is crucial for sustaining competitiveness and supporting future prosperity.
“Growth is in prospect for the two economies on the island of Ireland in 2025, alongside more jobs and lower interest rates as the European Central Bank and Bank of England’s easing cycles continue. Policy shifts in the US are making for an unsettled external environment though. As we step into spring, navigating global trade uncertainty is on the agenda. So is investment in innovation and infrastructure which is needed now more than ever.”
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