Exclusive Economic Briefing – Insights from Jim Power

In an era of global economic uncertainty, staying informed about emerging risks and opportunities is more important than ever. At our recent economic briefing, Global Economic Outlook & Ireland's Future: Trends, Risks and Trump's Impact, we had the privilege of hosting Jim Power, a leading economist, who provided an in-depth analysis of Ireland’s economic landscape following his recent visit to San Francisco.

Held in the Aviva Stadium, Jim’s insights shed light on Ireland’s heavy reliance on multinational corporations, a factor that has contributed significantly to economic growth but also presents vulnerabilities. He discussed the concentration risk that comes with this dependency and how potential shifts in U.S. trade policies under the Trump administration could create challenges for Ireland’s economy.

One of the key takeaways from the briefing was the impact of Ireland’s merchandise trade surplus with the U.S. If U.S. trade policies become more protectionist, Ireland’s surplus could come under increased scrutiny, which may have wider implications for both Ireland and Europe.

To navigate these uncertainties, Jim emphasised the importance of diversifying trade relationships, particularly within the Eurozone. He also highlighted the critical role the United Kingdom could play in Ireland’s future trade strategy, suggesting that stronger ties with neighbouring markets could serve as a buffer against external economic shocks.

For business leaders, investors, and policymakers, these insights provide a roadmap for proactive economic planning.

Watch the full briefing here.

Feel free to reach out with any questions or insights!

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