No recession forecast for Ireland but Budget 2027 will require tough trade-offs, ministers warn

Government forecasts continued economic growth despite global risks, but warns Budget 2027 will require spending restraint and difficult fiscal choices
Public expenditure Minister Jack Chambers and finance minister Simon Harris speaking to the media at the department of finance in Dublin about the Spring Economic Statement. Picture: Niall Carson/PA Wire

Public expenditure Minister Jack Chambers and finance minister Simon Harris speaking to the media at the department of finance in Dublin about the Spring Economic Statement. Picture: Niall Carson/PA Wire

The department of finance has said it is not predicting any recession will hit Ireland, even in the worst-case economic scenario caused by the conflict in the Middle East.

However, public expenditure minister Jack Chambers has now warned ministers that “trade-offs and choices must be made” ahead of Budget 2027.

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