Ireland’s Domestic Economy to Grow But US Policy Changes a Risk, Central Bank Warns
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The Central Bank of Ireland revised growth upwards Tuesday, but warned that potential US economic policy changes create significant downside risks to the public finances and the economy.
Modified domestic demand, or MDD, is expected to grow 3.1% in 2024, according to the central bank’s quarterly economic bulletin, up 0.7 percentage points on its previous quarterly report. It is forecast to grow by the same amount in 2025, before moderating to an anticipated 2.7% in 2026, the report said.