Anthony Foley: Big risk to the Irish economy would come from a Russian invasion of Ukraine

Economy will  likely perform well in the coming year and be replicated throughout the EU — with the eurozone expected to grow by 4.3%

Ukrainian servicemen walk in a trench on their position on the front line with Russia-backed separatists near the small town of Svitlodarsk, in the Donetsk region. 

Despite Covid-19 hitting hospitality and entertainment in particular, the Irish economy’s output performed reasonably well compared to other EU economies and prospects for 2022 are good. 

It was the only one of the 27 EU economies to post growth in 2020, with  Italy, Greece, Croatia, France, Malta, as well as Portugal posting significant contractions.