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Ireland's Aging Population Threatens Economic Stability, Warns Central Bank

9/23/2025

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Summary

Story summary

Central Bank governor Gabriel Makhlouf warns Ireland's ageing population will affect employment and the economy.
Ireland's fertility rate fell from 2.0 (2003) to 1.5 (2023), near EU 1.4.
Old-age dependency rises from 23.1% (2022) to 55.2% by 2065.
Migration may help but is not a complete solution.
Euro-area working-age population is expected to decline 0.7% (2024–27).

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Story summary

Central Bank governor Gabriel Makhlouf warns Ireland's ageing population will affect employment and the economy.
Ireland's fertility rate fell from 2.0 (2003) to 1.5 (2023), near EU 1.4.
Old-age dependency rises from 23.1% (2022) to 55.2% by 2065.
Migration may help but is not a complete solution.
Euro-area working-age population is expected to decline 0.7% (2024–27).