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Economics

Ireland Will Get Less Growth From Multinationals Next Year

  • Record number in Ireland employed by foreign companies in 2022
  • More tech job losses ahead, though focus on digital future
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Photographer: Ina Fassbender/AFP/Getty Images

Ireland has a “positive pipeline” of foreign investment lined up for the first half of next year, but the outlook for the rest of 2023 is “more uncertain” due to global economic headwinds, according to Ireland’s inward investment agency.

A record 301,475 people were employed by multinationals in Ireland in 2022, equating to 12% of the total labor force, the IDA’s interim CEO Mary Buckley said on Monday. Of the 242 investments won in the year, 103 were from new names.