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Macro - Country Economic Forecasts - Ireland

Publisher Oxford Economics
Published Aug 15, 2025
Length 8 Pages
SKU # OFE20317566

Description

We've raised our 2025 GDP growth forecast for Ireland by 3ppts to 10.3% due to greater-than-expected resilience in Q2. The preliminary estimate showed the economy contracted by 1% q/q, while we had anticipated a large payback. Meanwhile, we've lowered our forecast for 2026 GDP to a 4.3% decline from a 2.6% contraction. The large contraction next year is explained by the negative carry-over into 2026 as we expect payback from recent strength in H2 2025.

Table of Contents

8 Pages
Ireland: Underlying growth appears to be moderating
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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