New report says Irish wealth to continue growing in 2025 and 2026
Shoppers at the Milk Market in Limerick. Rising wages and easing inflation will spell good news for Irish workers over the next two years. Photograph: Liam Burke/Press 22
“We expect a continued strong performance for the economy in 2025 and 2026,” says a report written by the firm’s chief economist, Kevin Timoney, and analysts Diarmaid Sheridan and Colin Sheridan. Workers can expect pay to grow about 3 per cent in both years, says the report, due to be published on Monday morning.
Davy expects those numbers to continue to increase, by 2 per cent next year and 2.1 per cent in 2026. House prices will have grown 8.5 per cent by the end of this year. The ongoing lack of homes and pent-up demand will add 7 per cent to this next year and a further 5.5 per cent in 2026. “Greater protectionism and the prospect of a trade war between the EU and the US are now clear risks,” they say.
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