Ireland's economy is highly linked to how well the broader global economy is doing. When major US corporations look to expand during good times, Ireland often directly benefits. Ireland's domestic economy is comparatively tiny, but plenty of large industries like tech, pharma and some random ones like global aircraft leasing[1] have a large base in Ireland to support their European and sometimes global operations.

[1] https://www.irishtimes.com/business/transport-and-tourism/ai...