Irish economy expected to continue to grow this year despite tariff treat

MDD growth could be 2.5% or greater this year and will be similar in 2026

KPMG said it anticipates that GDP growth will be 3.3% or greater over the course of the year, excluding the one-off front-loading of exports between January and March. File picture: Getty

The Irish economy is expected to continue to grow this year despite the potential fallout from US tariffs, a new report by KPMG has found, but housing and infrastructure continue to be major risks.

In its latest economic outlook, advisory firm said while the economy grew — both in gross domestic product (GDP) and modified domestic demand (MDD) terms — during the first few months of the year, a large part of the increase was American businesses importing high volumes of products from Ireland, preempting a tariff announcement from US president Donald Trump.