LSE:KSP 22 October 2025 - 6 December 2025

In-depth, Goodbody’s Irish Economic Health Check portrays a surprisingly robust outlook. Chief Economist Dermot O’Leary emphasizes Ireland’s strong labour market and surging consumer spending. Goodbody now forecasts 3.6% MDD growth in 2025, with 2026 at 3.2% and 2027 at 2.9%. O’Leary says “ongoing strength in the labour market, aided by buoyant population growth, is playing an important role in consumer spending”. These upgrades more than offset softer foreign investment trends: he notes IDA-supported job announcements have slowed, partly because US firms are shifting emphasis back home. Tariff and Tax Risks – which loomed large in early 2025 – have substantially eased. According to Bloomberg, Goodbody’s report finds that since mid-year the “risks to the Irish economy from US policy changes including tariffs have lowered”. As one analyst quipped, much of the tariff shock was “already priced in” by markets ts2.tech. Trump’s proposed tariffs on pharma have been capped at 15%, and his big “One Big Beautiful Bill” corporate tax overhaul has yet to emerge. O’Leary notes that “the worst tariff fears have not materialised. Similarly, corporate tax proposals that could have undermined Ireland’s competitiveness have largely been shelved.”. This clarity – the “fog lifting” – underpins confidence.