Ireland's economy will be sluggish in 2024 if forecasts prove true

Ireland’s GDP dropped by 1.9% between July and September, the fourth quarter in a row where a contraction was recorded

Government faced criticism over its expansionary Budget 2024, which breached its own spending rules by increasing expenditure by more than 5%.

This year has been a difficult period for many in Ireland with inflation remaining quite high through most of the year leading to further interest rate hikes, hurting borrowers and the economy, slowing pushing the country into recession — at least on paper.

Economic indicators towards the end of 2023 have been pointing towards an overall economic slowdown following an initial increase during the post-pandemic recovery with many expecting those trends to continue into 2024.