Citing prudent economic management and improved competitiveness, credit ratings agency Moody's has said the Republic's Aaa rating is stable. However, the agency warned that rising prices, skilled labour shortages, wage inflation and infrastructure bottlenecks could put the Republic's competitiveness and long-term growth potential at risk.

The report also said the Republic's fundamental strengths and policy orientation suggest "the authorities will be able to continue to manage the government's fiscal position and debt prudently and effectively".