James Dorgan2024-04-12T16:01:42+01:00
SLOW DOWN IN ECONOMY IN 2023 TO BE FOLLOWED BY RECOVERY THIS YEAR AND NEXT. Slower growth in the world economy in 2023 took its toll of the Irish economy, especially the foreign owned sector. But there is general agreement amongst economic forecasters that this year and next will see a recovery with growth rates of 2.5% to 2.5% depending on which measure is used and who is doing the forecasting. The situation with respect to inflation is very positive. This year will see the rate of increase in consumer prices more than half from 2023's rate.