GDP up 7.4pc, unemployment at 4pc, plus buoyant consumer spending in Q1
Bank of Ireland chief economist Conall Mac Coille
Bank of Ireland has revised upwards its forecast for Irish gross domestic product (GDP) for 2025, to 8.1pc, following the surge in exports last spring.
Stockpiling of goods by American importers in advance of tariff announcements by Donald Trump boosted the figures – but new pharmaceutical production facilities coming on-stream, allied with fresh investments in intellectual property assets, also helped raise GDP by 7.4pc in the first quarter.
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