EY Autumn 2025 Economic Forecast: Growth ahead for Ireland and Northern Ireland

EY’s latest Economic Eye report shows both economies on the island of Ireland are set to grow in 2025 and 2026. In the Republic, GDP is forecast to rise by 9% this year and 3.3% next year, with the domestic economy expanding by 3.2% and 2.6%, respectively. For Northern Ireland, growth of 1.3% is projected for 2025 and 1.2% in 2026.

The report, led by EY Ireland Partner and Chief Economist Dr. Loretta O’Sullivan, highlights how Ireland’s economy is performing well in what remains a challenging global environment. It also outlines why continued investment in infrastructure, innovation, and skills will be key to future progress.

Download the full report to explore the latest forecasts.

The all-island economy: steering a course in changing times


Economic Eye, Autumn Forecast 2025



“The Irish economy is navigating current complexities from a position of strength. The labour market is healthy, which is an important confidence factor for consumer spending, and additional funding for public capital projects will support investment over the coming years. Geopolitical tensions and the new tariff landscape are changing the operating environment for many businesses, however. And while the EU-US framework agreement provides a modicum of certainty for exporters amid all the global flux, the longer-term trend towards trade fragmentation is a challenge for Ireland’s economic model.”

 

Dr. Loretta O’Sullivan
Chief Economist and Partner at EY Ireland

Loretta O'Sullivan



The all-island economy: steering a course in changing times


Economic Eye, Autumn Forecast 2025


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