Quarterly Economic Commentary Summer 2022

While the Irish economy is continuing to perform strongly in 2022, it is clear that the growth rate for the present year will be somewhat more subdued than the exceptional performance in 2021.

We expect GDP to grow by 6.8 per cent this year, and 4.8 per cent in 2023, again driven by strong export growth. Modified domestic demand (MDD) is forecast to increase by 4.4 and 3.7 per cent for the same period, somewhat lower than our previous Commentary.