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.

 

Payrolls day in the US

02.05.2025 Daily blog

The euro and sterling are trading in relatively narrow ranges against the dollar. They are both a touch firmer than this time yesterday morning at around $1.1325 and $1.3310 respectively, though down a little from their best levels yesterday (close to $1.1350 and $1.3350). EURGBP is also largely unchanged, as it continues to trade in […]

Read more
  • Weekly Round Up

    Housing completions see marginal 2% growth in Q1 2025

    24.04.2025

    This morning’s CSO data show residential dwellings completions were 5,938 in the first quarter of 2025, up 2% on the year. Whilst a marginal improvement, the completions data have clearly not accelerated in line with the surge in commencements to 69,000 in 2024, artificially inflated by developers rushing to take advantage of temporary waivers on […]

    Read more
  • 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 […]

    Read more
  • Ireland Outlook

    Ireland Outlook – May 2025

    02.05.2025

    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 […]

    Read more
  • Ireland Infographic

    Ireland Infographic – May 2025

    02.05.2025

    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

    Read more
  • 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 […]

    Read more
  • 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

    Read more

Meet the team

Conall Mac Coille, Group Chief Economist
Email

Michael Crowley, Senior Economist
Email

Patrick Mullane, Senior Economist
Email

Conn Creedon, Senior Economist
Email

Diane Woods, Economist/Operations Manager
Email