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Is Ireland “Overheating”? No. the published numbers and on orthodox definitions, Ireland is not overheating. The European Commission’s Autumn 2025 forecast for Ireland has: HICP inflation 1.9% in 2025, 1.9% in 2026, 1.7% in 2027 (Bang on the ECB 2% target, not above it) The Central Bank’s Q3 2025 Bulletin shows: Labour under‑utilisation (unemployed underemployed part‑timers marginally attached) at 13.4%, the highest since Q4 2021. By the Central Bank’s own definition of overheating – prices risi
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