Economic Research Unit

The Economic Research Unit (ERU) provides commentary and analysis of economic and market events in Ireland, the UK, the Euro Area and US.

The ERU prepares regular reports on the global, UK and Irish economies. Our latest publications are available for download here.

If you would like to get in touch, you can contact the team on economics@boi.com.

 

Dollar off its lows

15.07.2024 Daily blog

Markets are reacting to the assassination attempt on Donald Trump over the weekend – which is seen as having increased his chances of winning the November presidential election – with the dollar marginally firmer overnight having lost a good bit of ground last week.  Sterling was on the front foot last week, strengthening by the […]

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  • Weekly Round Up

    Economics Weekly July 12th

    12.07.2024

    This week’s MyHome report showed asking price inflation accelerating to 7.3% in Q2 2024, the fastest pace in two years. Furthermore,  residential transactions in June were being settled at 6% above the original asking price – indicative of intense competition amongst homebuyers. The fresh momentum in Irish house prices is being driven by the resilient […]

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  • Global Watch

    Global Watch May 2024

    30.05.2024

    The general expectation at the start of 2024 was that the Fed would be in the early stages of easing monetary policy by this stage of the year. However relatively large monthly increases in US consumer prices over the January-March period has dented the Fed’s confidence that inflation is on a path back to 2%, […]

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  • Ireland Outlook

    Ireland Outlook – July 2024

    03.07.2024

    We have revised down our forecasts for Irish GDP growth to 1.0% in 2024 (from 1.5% in our February Outlook) and to 3.9% in 2025 (from 4.0%). This downward revision reflects the multinational sector, where output continued to contract in early 2024 due to measurement distortions related to ‘contract manufacturing’. In contrast, indicators suggests the […]

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  • Ireland Infographic

    Ireland Infographic – July 2024

    03.07.2024

    Irish economy to grow at healthy pace in 2024 Download the Ireland infographic here: Bank of Ireland Ireland Infographic July 2024

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  • UK Outlook

    UK Outlook June 2024

    27.06.2024

    We have revised up our forecasts for GDP growth to 0.8% in 2024 (from 0.4% in our February Outlook) and to 1.4% in 2025 (from 1.2% previously), slightly above consensus expectations and Bank of England forecasts. We expect growth to accelerate further to 1.6% in 2026. The unemployment rate is likely to continue edging higher […]

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  • UK Infographic

    UK Infographic – June 2024

    27.06.2024

    GDP forecast to grow by 0.8% this year and by 1.4% in 2025 Download the UK infographic here: Bank of Ireland UK Infographic June 2024

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Meet the team

Conall Mac Coille, Group Chief Economist
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Michael Crowley, Senior Economist
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Patrick Mullane, Senior Economist
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Conn Creedon, Senior Economist
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Diane Woods, Economist/Operations Manager
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