Economic and Investment Outlook
y-o-y%
Economic growth expected in 2023
Inflation/monetary policy to slow growth versus 2022
MDD gives better picture of growth: 2-3%
forecasted for 2023 after 9.5% in 2022
Unemployment is below 4% - labour
market at full employment
30
25
20
35
30
25
15
10
20
15
10
-5
-10
5
-15
I
0 T
2005
2010
2015
2020
2005
2010
2015
2020
- Unemployment rate
EUR, billion
Value added from ICT & pharma clear to see
- sectors give jobs, income and tax
250
200
150
100
50
0
2000 2005 2010 2015 2020
GVA: Domestic sectors
GVA: Multinational dominated sectors
Source: CSO
GDP Domestic Demand
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: CSO
Source: CSO
* Modified Domestic Demand series accounts for multinational activity (technically modified final domestic demand (excl. inventories))
Note: Unemployment rate series shown uses the Covid adjusted unemployment rate between March 2020 and February 2022 and the
standard unemployment rate elsewhere.
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