Ireland’s economy is performing well with unemployment at an historic low level.
In its quarterly bulletin, the Central Bank is predicting headline inflation is expected to rise to 2.2 per cent this year, before declining to 2.1 percent next year, and easing further to 1.4 per cent in 2027.
However its warning the outlook will be challenging due to global events.
Households’ will also see real incomes continue to rise, supported by further growth in employment.
Robert Kelly, Director of Economics and Statistics at the Central Bank, says tariffs and trade with the US could have a negative impact.
