Delayed delivery of critical infrastructure may dampen future economic growth, experts warn

A looming election is likely to persuade the Government to include further cost-of-living measures in Budget 2025

Lobby group Ibec forecasted gross domestic product to grow by 2% this year and 2.7% in 2025. Picture: Brian Lawless

Growth in both the domestic and multinational sector could be tapered due to delays in the delivery of critical infrastructure, a business representative body has warned.

Lobby group Ibec forecasted gross domestic product, which includes output from multinationals, to grow by 2% this year and 2.7% in 2025 following a period of outperformance but a lack of transport, energy, and water facilities may hinder further expansion.