The European Commission's Summer 2018 Interim Economic Forecast predicts Ireland to have the highest GDP growth in the EU in 2018 at 5.6%. This is well above the GDP growth rate of 2.1% forecast for the euro area and the EU28 for this year.
GDP growth of 4% is expected for Ireland for 2019, double the growth rate predicted for the EU and the euro area.
Inflation in Ireland is expected to reach 1% this year and 1.3% in 2019, below the 1.7% rate forecast for the EU for both 2018 and 2019.
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