Irish Economy Showing Signs of Slowdown, Business Group Says

A slowdown has begun in some parts of Ireland’s economy, where growth in consumer spending and investment has eased, according to a local business group.

“The Irish economy is at a turning point,” said Gerard Brady, who’s head of national policy and chief economist at Ibec. “As a small open economy, shifts in the flow of capital through the global economy and slowdowns in our major trading partners can have an outsized impact on our growth model. Our members are already experiencing this through tighter capital markets and a greater focus on costs.”