ESRI: Economy to slow as elevated inflation persists

The ESRI is predicting a general Government surplus of €8bn for this year followed by €13.2bn next year

Kieran McQuinn, research professor at ERSI, said the Government has a "very fine balance” to strike between infrastructure spending and not adding fuel to inflationary pressures. Photo: Sasko Lazarov/Photocall Ireland

Growth in the Irish economy is expected to slow as inflation persists through the rest of the year and multinationals see a drop in exports, but domestic demand is expected to remain robust, the Economic and Social Research Institute (ESRI) has warned.

As Finance Minister Michael McGrath prepares to present his budget for 2024 next week, the ESRI have issued their latest quarterly economic commentary which finds the Government finances in a healthy state.