Economic Research Unit

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

In addition to a daily blog, the ERU team provides weekly and monthly updates on the major economies, as well as regular reports on the Irish economy.  Our latest publications are available for download here.

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

Soft retail sales in the UK

20.02.2017 Daily blog

Sterling was a little weaker against the euro on Friday (at around 85.5p) after the release of retail sales data in the UK. They showed sales volumes fell for a third consecutive month in January, with the national statistics office noting ‘the first signs of a fall in the underlying trend (in sales) since December 2013’. […]

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  • ire

    Ireland Outlook – February 2017


    Domestic Economy to the Fore: GDP to grow 3.2% in 2017; Employment growth 2.3%; Unemployment rate to average 6.8%; Inflation at 0.7% Download the Outlook in full here: BOI_IRELAND_OUTLOOK_FEBRUARY_2017

  • uk

    UK Outlook – February 2017


    Softer Growth in Store: GDP to grow by 1.6% in 2017; Consumer spending to slow to 1.7%; Unemployment rate to average 5.2%; Inflation to rise to 2.8% Download the UK Outlook in full here: BOI_UK OUTLOOK_FEBRUARY 2017

  • videos

    Ireland Outlook – February 2017


    Domestic activity to drive growth against an unsettled external backdrop

  • weekly round up

    Weekly Round Up 17.02.2017


    This week’s highlights: Sterling weakens; US equities rise to new highs; UK & US inflation increases further; Euro Area GDP up 0.4% in Q4. Read the full Weekly Round Up below: Weekly Round Up 17 February 2017

  • b

    The Bulletin – January 2017


    Bond yields in the US have fallen back from the highs reached in the weeks following Donald Trump’s election in November and the dollar has given up ground against the euro. While the new President has certainly been busy since assuming office, markets are now awaiting concrete proposals in relation to his tax and spending […]

  • em

    Emerging Markets Update – January 2017


    IMF expects EMEs to grow 4.5% this year, 4.8% next: China’s growth picks up in Q4; Indian central bank holds rates; Russian economy improving; Brazil’s central bank cuts rates. Download the Update in full here: Emerging Market Update January 2017

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