Minister Donohoe welcomes launch of 2025 OECD Economic Survey of Ireland
- Foilsithe: 12 Feabhra 2025
- An t-eolas is déanaí: 12 Aibreán 2025
The OECD’s biennial assessment of the Irish economy – ‘Economic Survey of Ireland 2025’ – was launched today (12 February) by the Organization’s Chief Economist, Mr. Álvaro Pereira.
The Survey contains a detailed assessment of Ireland’s economic performance, as well as in-depth analyses of the Irish housing market, of cost competitiveness and of progress addressing climate change. The Survey makes a number of key recommendations in these areas.
Speaking at the launch, which was hosted by the Institute of International and European Affairs, the Minister for Finance Paschal Donohoe said:
“I welcome the publication by the OECD of its latest Economic Survey of Ireland. These Surveys are undertaken every two years and are comprehensive, balanced and evidence-based; the Survey published today is no different and I would like to commend the OECD team for their work.
“The Survey points to the resilience of the Irish economy in the face of several major shocks while making recommendations on how to maintain the resilience of the Irish economy and public finances into the future.
“It notes that the domestic economy performed robustly last year, supported in particular by the continued strength of the labour market. Both GDP and Modified Domestic Demand are expected to record solid growth this year and next. That said, the analysis also highlights that risks to the outlook have increased, and it is difficult to argue with this.
“I note the Survey’s emphasis on the key challenges we will face in the coming years, such as the costs of an ageing population, challenges relating to competitiveness and in enabling the green transition. I also note the analysis of the housing market set out in the Survey and the recommendations that flow from it.
“Finally, it is my intention to bring a Memorandum for the information of Government in the coming weeks further setting out the key insights and recommendations from this work and the points to note from it."
Notes
OECD economic surveys of member countries take place approximately every two years. The last Economic Survey on Ireland was published in December 2022 at an event hosted by the Institute of International and European Affairs (IIEA).
Ireland was among the founding members of the OECD in 1961. The OECD provides access to the highest quality analysis and policy prescriptions and the opportunity to contribute along with larger economies into shaping the economic policy environment internationally.
Further details on the report are available at: gov.ie/finance and www.oecd.org/economy/ireland-economic-snapshot.
OECD Economic Surveys: Ireland 2025
Opening Remarks by Minister Donohoe at the launch of the 2025 OECD Economic Survey of Ireland