Economy

ESRI expects economy to grow over next two years

The ESRI said GDP is predicted to grow 2.5 per cent this year and 2.3 per cent in 2025

ESRI: ‘We expect an improvement in the performance of the traded sector of the economy which had seen a decline in 2023.’ Picture: Bloomberg

Ireland’s economy is expected to grow throughout this year and into 2025, a report shows.

The Economic and Social Research Institute (ESRI) said it anticipated growth in all economic activity indicators.

It states that modified domestic demand will grow by 2.3 per cent this year and 2.5 per cent in 2025 while it anticipates GDP, heavily influenced by the multinational enterprise sector, to grow moderately at 2.5 per cent this year and 2.3 per cent ...