Irish GDP to grow this year, but at a more moderate pace than other years

In its Economic Eye Summer 2023 forecast, EY predicts that GDP will rise by 4.8% this year and 4.3% in 2024

EY Ireland chief economist Loretta O'Sullivan says the dust is beginning to settle on the economic shocks triggered by the pandemic and the war in Ukraine. File picture

Ireland’s economy is expected to expand moderately compared with previous levels of outsized growth, but will continue to outperform other economies in the eurozone, according to a new forecast.

Professional services firm EY predicted gross domestic product (GDP), which measures multinational activity in the economy, will rise by 4.8% this year and 4.3% in 2024, EY said in its Economic Eye Summer 2023 Forecast.