New pharmaceutical production facilities and the growth of weight loss drugs will deliver a "permanent upshift" in Irish GDP, despite GDP growth predicted to fall to 2.8% this year, according to Bank of Ireland. Bank of Ireland group chief economist Conall Mac Coille forecasts the economy expanding at a "slower, more sustainable" pace in 2026. The planned 8% rise in public spending to €118bn in the budget will account for one-third of the growth of MDD. “Our forecasts point to the Irish economy easing into a more sustainable but still solid pace of growth. NDP rollout should help this recovery continue.”Bank of Ireland expects house price inflation to slow to 4% in 2026, as stretched affordability cools price growth.

Source: Irish Examiner January 27, 2026 00:08 UTC