Posted 11/10/2023, 6:45:19 AM
Northern Ireland Forecast for Modest Growth in 2023 Despite High Inflation and Cost of Living Squeeze
- Northern Ireland's economy forecast to grow 0.6% in 2023, second only to London at 0.8% according to PwC
- Growth attributed to Windsor Framework certainty and large public sector
- Inflation still high at 6.7%, putting pressure on businesses and consumers
- Households feeling financial pinch due to lower incomes and higher energy/food costs
- PwC says more needed to drive long-term growth through investment, skills and education