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Tuesday 5 December 2023 Dublin: 5°C

# Economic Forecast

This year
'Quicker recovery' than expected for economy this spring - Ibec
Ibec expects a ‘quicker recovery in the global economy’ than previously thought.
Worldwide tech job cuts having ‘no visible impact’ on Irish labour market
The European Commission has revised upwards its forecasts for economic growth this year in Ireland.
Last year
IBEC predicts Irish economy will grow by 4.3% this year, less than previous forecasts
The revised forecasts come as a result of the impact of rising costs and supply chain challenges across the global economy, accelerated by the Russian invasion of Ukraine.
All time
Inflation among the least of our worries as the Irish economy recovers from Covid, says ESRI
Meanwhile, Irish GDP is expected to continue its upward trajectory despite current public health restrictions.
Brexit and global Covid-19 setbacks represent biggest threats to Irish economy, says Central Bank
Mortgage transactions have recovered since the summer, according to the latest data.
'A notable shock': Pandemic impact on Ireland's domestic economy worse than most other EU countries, says ESRI
Arts, entertainment and construction among the worst-affected domestic sectors.
Irish economy to shrink by between 0.4% and 1.1% this year, says Central Bank
The latest forecast is buoyed by the ‘resilience’ of Irish exports.
The European Commission has slashed Irish and eurozone growth forecasts
But the Commission expects the Irish economy to grow by 6.25% next year.
Central Bank: Early signs of recovery are visible but Ireland's economic future remains uncertain
Real-time economic data suggests the worst of the decline was experienced in April.
What's forecast for 2018: More jobs, more spending and higher wages
The optimistic outlook comes as the government prepares to announce Budget details for 2018.
Ireland's economy grew 'spectacularly' this year
Ibec believes the economy grew by 5.7%.
Growth forecast for this year raised, but next year's lowered
Mixed news from the government’s medium-term fiscal statement released yesterday.
IBEC downgrades growth forecast amid ‘challenging’ conditions
The business group believes the economy will not live up to Department of Finance predictions this year.
Government to publish four-year economic plan today
The latest news is that the government will make a €3.8billion budget adjustment – including saving €1.6million from increased tax measures.