EU Commission warns Ireland's deep economic ties with the US pose a notable risk 

A downsizing of the multinational-dominated sectors would significantly affect tax revenues.

The Irish economy entered 2025 in a strong position with real GDP rising 1.2% in 2024, driven by a rebound in exports. Picture Dan Linehan

Ireland’s GDP is forecast to grow by 3.4% this year, according to the European Commission's Spring 2025 Economic Forecast.

However, it said Ireland's deep economic ties to the US pose notable downward risks in the context of rising protectionism. "The general government balance is forecast to remain in surplus, though significant risks arise from the uncertain outlook for corporate tax revenues," the forecast states.