Economic Outlook

"We are seeing early evidence of the impact of AI on our economic figures. Total trade in AI-related goods to and from Ireland is on track to double over five years, now reaching €56 billion annually. Domestic investment in ICT equipment and software has risen to nearly €6 billion over the past 12 months- a 50% increase on the same period last year and a doubling from two years ago. Recent investment decisions will support this trend further. Within business, the impacts of AI on the competitive environment, investment, trade, and the labour market are very clear, and these figures will only grow over time."

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