In its first Quarterly Economic Outlook for the year, Ibec is forecasting growth in GDP of 2% this year and 3.4% in 2025.
He pointed to the fact that the economy added 90,000 jobs in the past twelve months further evidence of the robust performance of the economy. It says each of these means that there will be a more uncertain and volatile business environment facing Irish companies selling abroad, which in turn will increase focus on managing volatility, reducing vulnerability to inflationary swings and addressing overall competitiveness concerns.
It has thrived in a global economy defined by a multilateral global order, a focus on opening markets and greater trade integration, it claims.
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