Economy

Inflation forecast to ease amid solid economic growth over next two years

Paschal Donohoe said there are still high levels of inflation beyond food and energy that need to be addressed

The new European Commission Spring 2023 Economic Forecast, published today, has said Ireland's economy is on track for growth of 5.5 per cent this year and 5 per cent in 2024. Picture: Getty

The European Commission’s projections for growth in the Irish economy over the next two years have been revised upwards.

In February, Ireland’s economy was predicted to grow by 4.9% in 2023, and a further 4.1 per cent for next year.

The new European Commission Spring 2023 Economic Forecast, published today, has said Ireland's economy is on track for growth of 5.5 per cent this year and 5 per cent in 2024.

Net exports and also ...