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A light that never goes out?
- This week's final Irish national accounts data for 2025 reveal a similar picture to the provisional GDP estimate.
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The encouraging global themes in 2025 of tariffs and the rise of AI are very much to the fore in the Irish data.
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The big picture is that the Irish economy has become increasingly reliant on a small number of large multinationals, not only for GDP growth, but increasingly to underpin our tax base.
- This decentring of GDP on US FDI has been a warning success beyond even the most optimistic expectations.
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Turning to the week ahead, the macro data calendar is quite sparse on both sides of the Atlantic.
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