Multinationals boosted Ireland's economy last quarter, but inflation continues to cause concern for national firms

Personal spending was also below pre-pandemic levels which has also impacted national businesses as they are operating on higher costs.

Output from multinationals boosted Irelands economy during the last quarter, but signs of softer domestic spending could signal recession for many households and businesses, says expert.

Latest Central Statistics Office (CSO) figures showed Gross Domestic Product (GDP), a measure of economic growth used for larger corporations, rose by 2.3% last quarter but Gross National Product (GNP), which excludes the profits of multinationals, fell by 2.2%.