Forecasters predict healthy domestic economy despite troubles of multinationals

A container ship at Cork Harbour: Exports of some multinationals in Ireland have fallen. Picture: David Creedon 

The Irish economy is set to grow at a healthy clip this year, despite the troubles facing some multinationals, and will avoid the stagflation that is still haunting many other parts of Europe, forecasters say. 

It comes after the Central Statistics Office confirmed that the economy slowed dramatically in the first three months of the year, as the global storm of raging inflation and interest-rate hikes weighed on the demand for the products of major companies based here.