EU sees Irish economy growing slower than eurozone this year after avoiding recession in 2020

EU Commission's new winter forecasts suggest Irish GDP will grow 3.4% this year compared with expansion of up to 3.8% for the eurozone and the EU

European Commission President Ursula von der Leyen. Picture: AP Photo/Francisco Seco

The Irish economy will grow this year but at a slower pace than the rest of the eurozone and EU, after escaping recession in 2020, according to the EU Commission.

Its new winter forecasts suggest Irish GDP will grow 3.4% this year compared with expansion of up to 3.8% for the eurozone and the EU.