Ireland may be at risk to vulnerabilities in key markets, says Ibec

Ibec’s Q2 Economic Outlook report also suggested that the implementation of UK border controls from October will impact unprepared Irish exporters.

Ibec chief economist Gerard Brady said the slowdown in some markets “may persist through 2023 and 2024”.

Ireland’s economic stability could become exposed to ongoing vulnerabilities in major trading markets despite recent indicators that it has outperformed its peers, an expert has warned.

Business group Ibec’s chief economist Gerard Brady said interest rate hikes and weak demand have contributed to slow growth in key trading markets for Ireland including the UK, Germany and China.