Economic and Investment Outlook

Medium term challenges/opportunities External environment is challenging - global slowdown and inflation Growth Labour market strength remains in early 2023. MDD growth of 2-3% expected for 2023 Multinationals and healthy domestic balance sheets helping to offset impact from monetary policy Fiscal Large surplus (3.5% of GNI*) expected for 2023 via exceptional CT receipts. New sovereign wealth fund to be established intended to house long-term savings and partially alleviate future fiscal challenges. Inflation Inflation beginning to moderate in Ireland similar to other European economies. Core inflation remains elevated but economic resilience in face of interest rate hikes Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency CO 6

View entire presentation