Ireland continues to experience strong economic growth, with employment surging and living standards improving. Despite a potential global recession and challenges for businesses, Ireland's economy remains robust, fueled by a significant budget surplus.
The road ahead is clear enough – use the funds coming from strong corporate and income taxes to invest in housing and infrastructure - but delivery remains the key issue
With wages also on the up and the rate of inflation dropping sharply, living standards have been rising after a few difficult years. Despite the outgoing Government going on a spending spree before the general election, a significant budget surplus is in prospect for this year and an additional €6 billion has been set aside this year in two funds designed to support future spending. At a time when many exchequers are under pressure, Ireland’s performance stands out.
‘I personally only come here for the ladies’: Fog hits racing but not youthful glamour at Leopardstown A point of particular vulnerability for Ireland is the large amount of exports from the Irish operations of US pharmaceutical companies back to the American market. Were Trump to target these for tariffs, the implications for Ireland could be serious. In the longer term, his stated policy of economic nationalism continues a pull-back from globalisation evident over the past couple of years, as political populism takes hold.
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