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Republic's Growth Boosts Northern Ireland's Economy, Study Finds

1/16/2025

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Summary

Story summary

ESRI and NIESR's new economic model indicates that growth in the Republic benefits Northern Ireland's economy.
A 2.5% rise in consumption in the Republic enhances employment and imports in Northern Ireland.
Northern Ireland's economy shows lower sensitivity to interest rate increases compared to the broader UK.
The model helps analyze economic shocks and policy effects on both regions.
Northern Ireland's projected annual growth rate is only 1.2% over the next decade.

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Story summary

ESRI and NIESR's new economic model indicates that growth in the Republic benefits Northern Ireland's economy.
A 2.5% rise in consumption in the Republic enhances employment and imports in Northern Ireland.
Northern Ireland's economy shows lower sensitivity to interest rate increases compared to the broader UK.
The model helps analyze economic shocks and policy effects on both regions.
Northern Ireland's projected annual growth rate is only 1.2% over the next decade.