DUBLIN (Reuters) -Ireland’s central bank on Thursday said it had revised its forecast for domestic economic growth for 2025 upwards to 2.9% from 2.0%, boosted by government spending and new data that showed strong levels of investment and consumer activity.

The central bank had cut its estimate for 2025 modified domestic demand (MDD) – its preferred gauge of economic performance – to 2.0% in June due to the uncertainty weighing on investment. The forecasts for 2026 and 2027 have been adjusted slightly to reflect a weaker outlook for energy prices and the effects of a stronger euro.

The bank said employment growth in Ireland remains robust, with unemployment low and inflationary pressures contained, except for food price inflation, which it says is mainly due to a tighter European beef ma

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