Ireland must move away from from year-to-year tactical and political budgets — Neri

Nevin Economic Research Institute calls for 'multi-annual budgeting focused on long-term strategic economic and societal goals'

Neri co-director Dr Tom McDonnell said the Irish economy and society more generally are facing a series of enormous challenges such as an ageing population, deglobalisation and changes to FDI patterns, climate change and technological disruption from automation and AI.

Economists at the Nevin Economic Research Institute (Neri) said the post-covid economic tailwind has now petered out, but the economy and employment would still grow next year.

Publishing its latest economic report, Neri said the outlook for the next year was more muted, with the tightening of monetary policy and weak consumer confidence dampening consumption and investment.