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Ireland’s Economy Grows 3.1% in First Nine Months of 2023 Amid Global Uncertainties

Ireland’s domestic economy expanded by 3.1% in the first nine months of 2023, with personal consumption up 2.4% and wages rising by 3%. The finance minister, Jack Chambers, highlighted strong growth but cautioned about external risks, urging continued investment in fiscal buffers and infrastructure. Despite a 1.7% GDP drop for this period, the multinational sector rose by 9%. Chambers stressed the need for careful management to navigate future uncertainties in the global economic landscape.

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