Gerard Brady. Image: Naoise Culhane
Despite significant volatility, artificial intelligence continues to be a major driver of the economy.
Ibec, the group representing Irish business, has today (16 July) published its latest Economic Outlook report, which explores many of the issues impacting Ireland’s economy.
What it found is that despite significant pressures and global volatility affecting growth, AI-related investment, investment in public infrastructure and resilient consumer spending are all set to support the economy.
Gerard Brady, a chief economist and the head of national policy explained that we are seeing early evidence of the impact artificial intelligence is having on the country’s economic figures. He finds that total trade in AI-related goods to and from Ireland is on track to double across the next five years, reaching €56bn annually.
