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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