Stocks rally, bond yields higher
13.05.2025 Daily blogThe significant de-escalation of the ‘trade war’ between the US and China prompted a sizeable reaction in markets, with equities rallying strongly, bond yields rising quite sharply, and the dollar strengthening across the board. The latter rose to intra-day highs of around $1.1060 and $1.3140 against the euro and sterling respectively, but has since fallen […]
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Weekly Round Up
April dip in Irish business and consumer confidence not yet sufficient to delay key spending decisions
The past week has seen a flurry of surveys on Irish business and consumer confidence in April ,helping to gauge the impact of US tariff related uncertainty. Sentiment has clearly taken a hit. Irish consumer confidence fell to a 2-year low in April but remains well above the previous trough in 2022 when CPI inflation […]
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Global Watch
Global Watch May 2025
The new US administration’s trade policy has resulted in heightened uncertainty and declining consumer and business sentiment, while also denting investor confidence in US assets. Increased tariffs will result in lower growth and higher inflation in the US, and will dampen growth in the Euro area and UK economies. The Fed is likely to stay […]
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Ireland Outlook
Ireland Outlook – May 2025
New Ireland Economic Forecasts We have revised down our forecasts for Irish GDP growth to 3.5% in 2025 and 3.7% in 2026. This forecast entails softer, but still robust growth, due to the negative impact of uncertainty on consumer and investment spending. Also, the 10% baseline tariffs that now apply to 2-3% of Irish trade […]
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Ireland Infographic
Ireland Infographic – May 2025
We expect GDP will expand by 3.5% in 2025 and by 3.7% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic May 2025
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UK Outlook
UK Outlook – January 2025
Growth stalls despite fiscal loosening We have revised down our GDP forecast for 2024 to 0.8%, from 1.1% previously, on foot of weaker activity over recent months. With the outlook for H1 this year looking softer we have also reduced our 2025 forecast, from 1.4% to 1.2%. We expect a rebound in H2 and our […]
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UK Infographic
UK Infographic – January 2025
We expect UK GDP will increase by 0.8% in 2024, rising to 1.2% growth this year and 1.6% in 2026. Download the UK Infographic here: Bank of Ireland UK Infographic January 2025