Germany was the 4th largest provider of foreign direct investment (FDI) inflows into Ireland in 2020, accounting for 3% of all FDI flows into Ireland.
The environment of heightened uncertainty about economic prospects continues to weigh on household spending and business investment. The baseline scenario of the September ECB staff macroeconomic projections factors in a resurgence of COVID-19 infection rates and a tightening of containment measures.The projections foresee real GDP growth recovering by 8.4% in the third quarter of 2020 and by 3.1% in the fourth quarter.