'Solid pace' growth of Irish domestic economy offset small decline seen by multinationals 

Finance minister Paschal Donohoe said the latest national accounts, alongside the Exchequer returns published on Wednesday, 'illustrate the relatively healthy aggregate position of the domestic economy'.

Growth across a number of domestic sectors during 2024 offset a slight decline seen in multinational dominated industries, particularly pharmaceuticals, with the overall Irish economy growing by a healthy 2.7%, new data from the Central Statistics Office (CSO) shows.

This marks the second consecutive year of contraction across the multinational sector but last year’s decline was not as severe as 2023.