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EU Economic Forecast: Ireland and the EU
Analysis of the European Commission's economic forecasts for Ireland and the EU, including growth, inflation, unemployment, and public debt projections.
Greek
United States
EconomyEuropean UnionLabour MarketEuropeDebtGrowthForecast
European CommissionEu
Valdis DombrovskisPaolo Gentiloni
- How is Ireland's public debt expected to change in the next few years?
- Ireland's gross public debt is projected to reach 41.6% of GDP this year, before decreasing to 38.3% in 2025 and 36.8% in 2026. The improved economic outlook in 2025 is attributed to a better external environment and a stronger labor market.
- What are the projected inflation and unemployment rates for Ireland in the coming years?
- Inflation in Ireland is expected to be 1.4% in 2024, 1.9% in 2025, and 1.8% in 2026. Unemployment is forecast to reach 4.4% this year, dropping to 1.4% in 2025 and 1.3% in 2026.
- What is the European Commission's outlook for the EU economy in terms of growth and inflation?
- The EU's economic growth is expected to be 0.9% in 2024, rising to 1.5% in 2025 and 1.8% in 2026. Inflation is forecast at 2.4% in 2024, declining to 2.1% in 2025 and 1.8% in 2026.
- What is the European Commission's forecast for Ireland's economic growth in 2024, 2025, and 2026?
- The European Commission expects Ireland's economy to contract by 0.5% in 2024, mainly due to the multinational sector's contraction in the first half of the year. However, growth is projected to rebound to 4% in 2025 and 3.6% in 2026.
- What were the key messages from Valdis Dombrovskis and Paolo Gentiloni regarding the EU's economic situation?
- Valdis Dombrovskis and Paolo Gentiloni, high-ranking officials in the European Commission, highlighted the EU's economic recovery, emphasizing the need to address structural challenges and geopolitical uncertainties while managing public debt and promoting competitiveness.