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 Friday’s lows

27.01.2025 Daily blog

The dollar fell further on Friday, amid some softer than expected US economic data, having lost ground during Donald Trump’s first days in office (though of course it had risen sharply since his election in early November). The euro and sterling gained around 2 and 3 cents against the US currency on the week respectively, […]

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  • Weekly Round Up

    Irish housing completions fall to 30,300 in 2024

    23.01.2025

    This morning’s CSO data shows a disappointing 8,732 newly built homes completed in Q4 2024, down 15% on the year. This surprise decline in Q4 was almost entirely due to volatile apartment completions, which could bounce-back, whereas house completions were flat. Housing starts data, 60,243 in 2024, paint a very different picture, pointing to a […]

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  • Global Watch

    Global Watch January 2025

    13.01.2025

    The Fed and ECB both lowered interest rates by 100bps over the second half of 2024 to 3.0% and 4.25%-4.5% respectively. However, while increased concern about the Euro area growth outlook means the ECB seems set to cut the deposit rate by another 100bps this year, the continuing resilience of the US economy as well […]

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  • Ireland Outlook

    Ireland Outlook – September 2024

    23.09.2024

    New Irish Economic Forecasts Once again, erratic and volatile national accounts data for Q2 2024, have led us to revise down our forecasts for the growth of both GDP (-1%) and modified domestic demand (2.3%), but tell us little on the health of the economy. In contrast, the recent rapid pace of job creation means […]

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  • Ireland Infographic

    Ireland Infographic – September 2024

    23.09.2024

    We expect GDP will contract by 1% in 2024, rebounding to 3.5% growth in 2025 and 4% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic September 2024

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  • UK Outlook

    UK Outlook – January 2025

    20.01.2025

    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

    20.01.2025

    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

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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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