Irish GDP to grow by 1.7% in 2025 as economy moderates after years of expansion 

Business group Ibec said a slowdown was not unexpected given the turbulence facing some of Ireland's key trade partners 

The business group noted that ongoing levels of high employment were a welcome indication of strong business activity and economic performance, however, the tight labour market continued to present a challenge in recruitment and retention for employers who are looking to expand. Picture: David Creedon

Irish gross domestic product (GDP) is forecasted to grow by 1.7% in 2025 as the economy undergoes a period of moderation after five years of significant expansion.

Publishing its Economic Outlook Report on Wednesday, business group Ibec said a slowdown was not unexpected given the turbulence facing some of Ireland's largest trading partners, with Europe "struggling to readjust its business model," to respond to modern challenges.