Ireland’s GDP is expected to rise by 4.8% this year and 4.3% in 2024, according to EY’s Economic Eye Summer 2023 Forecast.
It’s predicting employment will increase by 2.8% this year.
The forecast also suggests inflation of 5.8% in 2023, returning to 2% by 2025.
Dr Loretta O’Sullivan, EY Ireland Chief Economist, says inflation appears to be past the peak experienced towards the end of last year:
