EY forecasts GDP growth of 9% in 2025 and 3.3% next year

EY Autumn Economic Forecast expects unemployment to edge higher in 2026

EY Ireland chief economist Loretta O'Sullivan said trade fragmentation is a challenge for Ireland’s economic model,

Irish GDP is expected to increase by 9% in 2025 and 3.3% in 2026, the EY Autumn Economic Forecast predicts, despite uncertainty abating somewhat with the recent EU/US trade deal.

Exports and GDP were boosted in the first half of 2025 by activity being brought forward to beat the introduction of US tariffs, but EY predicts growth momentum is likely to soften in the period ahead as households and businesses adapt to the changing external environment. After rising by 9% this year, EY expects GDP to increase by 3.3% in 2026.