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


Main currency pairs little changed

23.07.2024 Daily blog

It was a very quiet start to the week in FX markets yesterday with the main currency pairs confined to extremely tight ranges. The euro is trading at around $1.0890 against the dollar and at 84.25p against sterling this morning, while the pound is trading at about $1.2925 against the US currency. The economic data […]

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  • Weekly Round Up

    CSO projects Irish population of 5.6-5.8 million by 2030

    This week the CSO published updated population projections for Ireland. Population growth in the range of 0.8%-1.2% per annum is forecast out to 2030, or by 6%-9% cumulatively to 5.6 5.8million. In comparison, the IMF’s projections for the twenty euro area countries’ population is for only 0.2% growth per annum through 2023-2029 to 351 million. […]

  • Global Watch

    Global Watch May 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%, […]

  • Ireland Outlook

    Ireland Outlook – July 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 […]

  • Ireland Infographic

    Ireland Infographic – July 2024

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

  • UK Outlook

    UK Outlook June 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 […]

  • UK Infographic

    UK Infographic – June 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

Meet the team

Conall Mac Coille, Group Chief Economist

Michael Crowley, Senior Economist

Patrick Mullane, Senior Economist

Conn Creedon, Senior Economist

Diane Woods, Economist/Operations Manager