EU forecasts Irish GDP to rebound to 4% next year 

Unemployment to remain low

EU Commission said the continued steady employment growth, real wage growth, and Government support measures would increase households' real disposable income which would lead to more consumption.

The EU Commission has forecast Ireland’s gross domestic product (GDP) to decline by 0.5% during this year, largely due to a contraction in the multinational sector, before rebounding in 2025 and growing by 4%.

According to the commission’s autumn economic forecast, preliminary estimates for the July to September period show GDP is expected to grow by 2%. However, this will not be enough to stop the country recording a contraction in GDP this year, following a decline in multinational activity during the first half of the year.