EU

Irish economy to grow 1.2% this year, EU predicts

Irish inflation is expected to slow to 1.9 per cent this year, well below the EU and euro average

European economy commissioner Paolo Gentiloni. Photo: EU/Christophe Licoppe

The Irish economy will expand by 1.2 per cent this year, the European Commission predicts — slightly ahead of the EU average but trailing most southern and eastern countries.

However Irish jobs growth and investment are set to remain well ahead of the EU average this year, with the unemployment rate amongst the lowest in the bloc.

Following a recession last year, gross domestic product (GDP) — which not the government’s preferred measure of economic ...