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Speaking To 'Kildare Focus' IBEC Expects Ireland To Avoid Recession In 2023

Stock image: Pexels

Quarterly Economic report for Q3 2022

Employers group IBEC expects Ireland to avoid a recession next year, despite many of the country's biggest trading partners facing a financial downturn.

The group published it's Quarterly Economic report, for the third quarter of 2022 on Thursday.

In its latest report, IBEC forecasts the amount spent on goods, services and investment in Ireland to increase by 3% - that's a decrease from 3.7% previously forecast. 

The business group notes weaknesses in the global economy growth remains the biggest risk facing the Irish economy.

IBEC, Chief Economist, Gerard Brady joined Thursday afternoon's 'Kildare Focus':

 

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