In its Autumn 2018 Economic Forecast published this morning, the European Commission revised upwards its growth predictions for Ireland for 2018 and 2019 (see attached table) compared to the Summer 2018 forecasts. GDP growth for Ireland is now forecast to reach 7.8% in 2018 and 4.5% in 2019.
The Ireland country report says: "GDP growth in Ireland is expected to be strong this year, driven largely by the activities of multinational companies, but the pace is projected to moderate. The positive performance of the labour market and construction investment are expected to support the domestic economy in the near term. The government deficit is projected to turn slowly into a surplus, but risks to the fiscal outlook remain."
European Commission Vice-President for Energy Union Maroš Šefčovič is in Dublin today where he gave a keynote speech at the 2018 Climate Innovation Summit in Dublin Castle.
The focus of the Summit was on the finance needed to accelerate climate action. See below for the full text of the Vice-President's speech
During his visit, the Vice-President also met Richard Bruton, Minister for Communications, Climate Action and Environment to discuss the Clean Energy Package and the preparation of Ireland's 2030 national energy and climate plan.
See below for the full text of the Vice-President's speech.