Ireland’s economy has weathered the downturn from the Covid-19 pandemic relatively well. Its export-oriented growth model, built around a supportive tax environment and the presence of multinational corporations, has cushioned much of the blow. As a result, the country is likely to emerge from the crisis in better shape than many advanced-economy peers.
Challenges remain, however. Multiple national lockdowns to restrict the spread of the virus and Brexit-related uncertainties left their mark on the economic landscape during 2020. Gross domestic product (GDP) growth is expected to cool over the period, while consumer spending has also been hit hard.
