Irish GDP Rises Amid Tariff Fears, Manufacturing Surge

Ireland's economy grew by 3.2% in the first quarter of 2025, with the increase mainly driven by multinational companies accelerating exports to the US ahead of anticipated tariffs, resulting in a 13.3% year-on-year GDP rise. The manufacturing sector recorded its highest output since June 2022, buoyed by strong domestic demand and a surge in new orders, overcoming challenges from global uncertainty and US tariffs. Officials note that Irish GDP figures are volatile and subject to revision. Additionally, PwC Ireland reported a 2.8% rise in net revenue to €469 million in the previous year, with growth in audit and taxation services but a decline in advisory revenue. The firm also achieved a 60% reduction in carbon emissions since 2019, emphasizing ongoing sustainability efforts. The tariff-driven boost to exports is seen as temporary and not indicative of long-term economic trends.