The global financial crisis in 2008 caused a sharp deceleration, with growth dropping to 1.0% by 2009. Recovery in subsequent years was steady, supported by improving economic conditions and government incentives to attract skilled immigrants. By 2022, growth surged to 1.9%, partially attributed to post-pandemic recovery and an increase in net migration. The 2.6% growth in 2023, the highest since the mid-2000s, indicates Ireland’s sustained attractiveness as a destination for migration amid a strong economic performance.
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