Ireland’s domestic economy is expected to grow by 2.7% this year, according to a forecast by tax consultancy EY.<\/p>\n
The organisation expects inflation to be 3.1% on average this year after it rose sharply to reach 3.6% in March, following surging energy prices caused by the Iran war.<\/p>\n
EY said the number of people employed in Ireland will grow by 1.8% this year.<\/p>\n
It said spending by households will remain strong in 2026 and rise by 2% helped by the healthy jobs market and rising wages.<\/p>\n
EY\u2019s chief economist Dr Loretta O\u2019Sullivan said: “Consumer spending is a key indicator of the health of the domestic economy and even with the significant energy price impact we are still forecasting this to increase this year and next.”<\/p>\n
She added that Ireland navigated US tariffs well last year and the challenge this year will be to manage exposure to rising energy prices.<\/p>\n
She said: “We are projecting more moderate but still decent growth this year, something many of our peer nations will not be expecting.”<\/p>\n","protected":false},"excerpt":{"rendered":"Ireland’s domestic economy is expected to grow by 2.7% this year, according to a forecast by tax consultancy…\n","protected":false},"author":2,"featured_media":409106,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-432932","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/432932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=432932"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/432932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/409106"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=432932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=432932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=432932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}