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Irish Economy


Ozymandias

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 “The reopening of the [Irish] economy through 2021 has led to a sharp rebound in the domestic economy, as households have increased spending,” said Conor O'Toole, author of an independent report issued today by the Economic & Social Research Institute (ESRI). The report states that:

(1) by the end of 2021 the Irish economy will have grown by 13.6%;

(2) unemployment will have fallen from 26% in 1st quarter of 2021 to 5% in the last quarter;

(3) that by the end of 2021 the domestic Irish economy as measured by Modified Domestic Demand (MDD) will have grown by 6.2%;

(4) the ESRI forecasts that Irish GDP and MDD will grow by 7% in 2022.

 

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