Irish Economy in Better Position Than European Peers on Iran War Risk, Makhlouf Says

Ireland is better placed than many of its European peers to weather economic risks from the Iran war fallout as it starts from a stronger base, Central Bank of Ireland Governor Gabriel Makhlouf said.

“The main risks for Ireland actually are similar to the rest of Europe. It’s the impact on growth, the impact on inflation,” Makhlouf said in an interview with Bloomberg. But Ireland is in a “better position than a number of other countries” thanks to its growth rate and a financial system that weathered the shocks of the Ukraine war and Covid pandemic, he added.