'Significant' growth slowdown predicted for 2022

Recession risks in the international economy present big challenges for Ireland over the next year, said Goodbody Stockbrokers 

MDD, which measures domestic performance that covers personal, government, and investment spending, decreased from original predictions of 6.5% in March for Q1 to just under 6% for that period, according to new figures from the Central Statistics Office.

The Irish economy is expected to experience a “significant slowdown” in growth due to recession risks, an economist has warned.

Recession risks in the international economy presents big challenges for Ireland over the next year, said chief economist with Goodbody Stockbrokers Dermot O’Leary.