Dollar a little firmer
14.03.2025 Daily blogMore Trump tariff threats – this time a 200% tariff on alcohol imports from the EU – as well as fears of an imminent US government shutdown and softer than forecast US producer prices data all contributed to a renewed decline in equity markets and lower bond yields yesterday, while the dollar advanced albeit its […]
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Weekly Round Up
RICS points to UK housing market activity softening
This morning’s RICS survey points to softening UK housing market conditions. The rush of homebuyer activity, ahead of stamp duty threshold changes due April 1st, now appears to be cooling off. A majority of estate agents reported falling new buyer enquiries (-14%), agreed sales (-13%) and 3-month sales expectations (-5%). In contrast, new instructions to […]
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Global Watch
Global Watch January 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 – January 2025
Irish GDP to expand 4% in 2025 We have revised up our projections for the growth of Irish GDP (4.3%), modified domestic demand (4%) and employment (2.2%) in 2025. This reflects data for H2 2024 indicating the economy had stronger momentum than we anticipated. Also, distortions from ‘contract manufacturing’ have dissipated so GDP should rise […]
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Ireland Infographic
Ireland Infographic – January 2025
We expect GDP will expand by 4.3% in 2025 and by 3.9% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic January 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