EU Commission: Ireland's rebound to be strongest in Europe from Covid crisis this year

The Economic and Social Research Institute last month projected GDP would surge by over 10% this year, helped by exports and domestic spending

The forecasts repeat many of the themes highlighted by Irish private forecasters but are if anything more conservative than many other projections. Picture: Hannelore Foerster/Bloomberg via Getty Images 

Ireland’s economic rebound from the Covid economic crisis will be the strongest in Europe as pent-up domestic spending fuels recovery, according to new EU forecasts.

In its summer forecasts, the Commission sees Ireland's GDP surging by 7.2% this year, much higher than the eurozone average of 4.8% and continuing to grow in 2022, by just over 5%.