Irish economy to grow as inflation to average at 7.1% in 2022

Finance Minister Paschal Donohoe and Minister for Public Expenditure Michael McGrath (Niall Carson/PA)

The Irish economy is to continue to grow in 2022 despite forecasts that inflation will average at 7.1% in 2022, according to a report by the Economic and Social Research Institute (ESRI).

The ESRI report, published on Thursday, believes that Ireland’s Gross Domestic Product (GDP) will grow by 6.8% this year – largely driven by a strong export sector.