ESRI forecasts small rise in domestic demand, drop in GDPJames CoxThe latest quarterly briefing by the Economic and Social Research Institute (ESRI) forecasts domestic demand to rise by just 0.6 per cent this year and GDP to shrink by 2.7 per cent. The ESRI has backed the Government over its handling of the 5 per cent spending rule in the budget. The research institute suggests the tax and welfare measures announced in Budget 2024 will insulate most households from rising prices next year. “The Irish economy is slowing. There are international headwinds to global trade that affects a small, open economy like Ireland.”

Source: Irish Independent December 14, 2023 15:13 UTC