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Ireland—CBI warns of economic risks from US trade policy shifts

Published on: 20 June 2025
Published by LNB News

LNB News 20/06/2025

Document Information

Issue Date: 20 June 2025

Published Date: 20 June 2025

Jurisdiction(s): Eire

Article summary

The Central Bank of Ireland's Quarterly Bulletin 2025:2, released on 19 June 2025, forecasts Modified Domestic Demand growth of 2% for 2025, down from previous estimates due to US trade policy uncertainty. The report highlights risks to Ireland's public finances from reliance on corporation tax from multinational enterprises (MNEs), warning of a potential 4% national income deficit by 2030 if corporation tax revenues decline. The bank reports Q1 2025 saw pharmaceutical exports to the US surge 64% year-on-year, while employment grew 3.3% with unemployment at 4.3%.

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