Danny McCoy, CEO, Ibec, on its Economic Outlook
The outlook notes that this is not unexpected, particularly given the turbulence faced by some of Ireland’s largest trading partners and our recent economic success.
The report also highlights the main barrier to continued economic success is one’s own ability to create the capacity to grow by delivering critical infrastructure—such as water, housing, energy, and transport - effectively.
Commenting on the report, Danny McCoy, CEO, Ibec,said,
“Ireland has experienced a period of rapid growth. Employment by the end of 2025 will be almost 500,000 higher than it was in 2019. Growth is showing signs of moderating domestically. This is to be expected given the pace of recent years and a challenging global outlook. We expect domestic demand to grow by 3.4% in 2025 and 3% in 2026 and employment growth to slow from 3.1% last year towards 2% in the coming years".
Click here to read the full report.
Published last week 22 January.
