Ibec: No recession in 2023, but it will feel like one for many

Ibec projects the economy will expand by 2% in 2023, the slowest rate of growth since the onset of the recovery from the banking and property crash. 

The Irish economy will avoid a major contraction in 2023 but for many businesses and households it will feel like a recession nonetheless, Ibec has warned. 

In its latest economic outlook, the business group projects the economy will expand by 2% in 2023, the slowest rate of growth since the onset of the recovery from the banking and property crash.