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.

In addition to a daily blog and weekly update, the ERU prepares regular reports on the global, UK and Irish economies and also produces the Bank of Ireland Economic Pulse, a monthly indicator charting changes in consumer and business sentiment. Our latest publications are available for download here.

If you would like to get in touch, you can contact the team on


Draghi stresses patience

20.06.2018 Daily blog

Market concerns about Trump’s tariffs haven’t worsened since this time yesterday, with US and European equities ending of their lows, albeit still down on the day overall, and bond yields in the core markets also finishing off their lows. Moreover, Asian stocks have put in a good performance overnight and European indices have opened in positive territory this morning (with core bond yields edging up accordingly) […]

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  • Weekly Round Up 15.06.2018


    This week’s highlights: ECB QE to end in Dec 2018; EUR/$ falls to $1.16; Sterling at 87p vs euro; Fed hikes interest rates. Read the full Weekly Round Up below: Weekly Round Up 15 June 2018

  • Global Watch – March 2018


    Global economy doing well but tensions at play Fears of trade war to the fore; Momentum in global activity forecast to continue; Fed to raise interest rates further; Pound to remain sensitive to Brexit negotiations. Download the Global Watch in full here: BOI_Global Watch_March_2018    

  • Ireland Outlook – February 2018


    Economy powering on: GDP to grow 4.7% in 2018; Employment growth 2.4%; Unemployment rate to average 5.8%; Inflation at 0.8%. Download the Outlook in full here: BOI_Ireland_OUTLOOK_February_2018

  • Ireland Infographic


    The Irish Economy: The Irish economy is powering on, with GDP growth of 4.7% forecast for 2018. Further job gains and rising incomes are expected to underpin solid consumer spending in Ireland. Underlying investment, especially construction activity, is set to expand as well, with exports continuing to benefit from the improving global economy. Download this infographic […]

  • UK Outlook – February 2018


    Steady as she goes for the economy: GDP growth of 1.7% in 2018; Consumer spending to slow to 1.0%; Unemployment rate to average 4.3%; Inflation elevated at 2.7%. Download the UK Outlook in full here: BOI_UK_Outlook_February_2018

  • UK Infographic


    The UK Economy: Against the backdrop of the Brexit negotiations, the economy has been expanding at a moderate pace. This is expected to continue, with GDP growth of 1.7% forecast for 2018. Download this infographic as a PDF: BOI_UK_Infographic_February_2018

Meet the team



Dr. Loretta O’Sullivan

Group Chief Economist
Bank of Ireland

+353 (0) 766 244 267

Michael Crowley, Senior Economist
+353 (0) 766 244 268

Patrick Mullane, Senior Economist
+353 (0) 766 244 269

Conn Creedon, Senior Economist
+353 (0) 766 235 134

Andrew Hopkins, Economist
+353 (0) 766 248 246