As we move into 2020, the economic momentum being displayed by the Irish economy is still very positive. This is carrying over from 2019, which was on most metrics another year of solid progress for the economy. The unemployment rate fell to 4.8% of the labour force; employment reached the highest level in our history; the export side of the economy performed very strongly; consumer spending continued to gradually increase; and the tourism sector recorded a record year in visitor terms, but the spend is under some pressure.

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