Irish economy shows mixed performance in 2024, with growth in some areas but declines in others.

The Irish economy showed mixed growth in 2024, with Modified Domestic Demand (MDD) up 3.1% by September. Despite a 3.5% GDP rise in Q3, the year-to-date GDP dipped by 1.7%. Consumer spending slightly declined in Q3 but rose 1.7% annually, while employee compensation increased by 3%. Dublin's economy, driven by construction and retail, saw a 71.6% jump in new housing completions and a 0.3% rise in retail spending. However, foreign direct investment dropped by 9.6% year-on-year. Minister for Finance Jack Chambers highlighted the need to build fiscal buffers amid economic uncertainty.

4 months ago
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