Office Sector Analysis

Why Ireland’s strong economy will help it weather market turbulence

Caution is set to prevail as the economy adjusts to global challenges, but Ireland remains well positioned to leverage the success of key global growth sectors and productivity gains over the last decade

Despite continued shocks to the global economy, Q2 was another strong quarter for office demand with 45,615 square metres taken up. Picture: Getty/iStockphoto

Continued disruption as a result of the Russian invasion of Ukraine is having an impact across the globe. Forecasts made in January, ahead of the crisis, are largely redundant at a global level, yet useful starting points as to how various economies may weather what now looks set to be a prolonged period of economic turbulence.

The World Bank has reduced its global growth forecast for 2022 from 4.1 per cent in January to 2.9 ...