Economy
European Commission slashes 2024 growth forecast for Irish economy
Ireland’s GDP growth was revised down to 1.2 per cent from 3 per cent in the Autumn forecast
The European Commission has cut its expectations for Ireland’s GDP growth by over a half as it forecast that less of last year’s growth then anticipated will pass through into 2024.
The 2024 winter economic forecast projected GDP will grow 1.2 per cent this year, down from the 3 per cent predicted in the autumn forecast. This will have a knock-on impact on 2025, with economic activity is expected to expand by 3.2 per ...
