Martin O'Brien

speaker

56 appearances 1 recordings 1 series first heard Dec 2025 last heard 19 Dec

Martin O'Brien’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Dec 2025 with 1.

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Breakfast Business with Joe Lynam · A positive picture for the domestic economy · 19 Dec 2025 podcast

Joe, as you said, it's quite a positive picture for this year and remaining quite positive for the remainder of the forecast horizon that we have out to 2028, although growth is expected to slow a little bit in NDD terms.

And really what's underlying that more positive performance this year has been investment by multinational sectors in Ireland in particular.

And that has been a positive element.

We're expecting that to be a little bit more positive than what we previously thought over the course of the next couple of years.

But still a lot of uncertainty around that in terms of what could happen in the geopolitical situation.

And importantly, if you look even below the MDD figure a little bit more, while the domestic economy, the more domestically focused sectors have shown an element of resilience, there is definitely a sign of cooling there.

You know, the growth in the more domestically focused sectors are basically flat this year.

And that's also reflected in that sort of easing in terms of the labour market a little bit, although it's coming from a very strong place in the first place.

Yeah, so I think that, well, a couple of things there.

One, earlier in the year when there was such a high level of uncertainty, historically high levels of uncertainty, really,

expected that there would have been a drag on investment activity, a drag on consumption in the domestic economy, and that featured in our forecast previously.

What we've seen through the course of the year is that there's been a lot of adaptation.

Most nationals in particular are adapting quite well, so far anyway, to the changing international environment.

and that has been relatively benign in the case of their activities here in Ireland.

And that basically is what's featuring in this more positive growth outlook.

Now, that being said, as I said, there are elements of, say, policy changes, say, US policy changes, et cetera, that will probably feature and cause things to slow down a little bit over the course of the next couple of years.

But broadly speaking, our expectation is that the multinational sector

You know, Argyll will remain quite a prominent feature for certain sectors like pharmaceuticals, for ICT services, and that will sort of sustain that level of growth.

And there will be positive spillovers to the wider economy as a result of that.

Yeah.

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