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.

 

Sterling firmer after UK inflation data

20.08.2025 Daily blog

Sterling has gained some ground this morning after the release of stronger than expected UK inflation data a short while ago. The pound has jumped by around half a cent to $1.35 against the dollar, albeit this still leaves it a touch below yesterday morning’s levels, and is a little firmer against the euro at […]

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  • Weekly Round Up

    UK Labour Market Loosens Further, Q2 GDP Growth Exceeds Expectations

    15.08.2025

    This week the ONS published labour market and GDP data for Q2. Unemployment came in at 4.7%, up from 4.5% in Q1, reflecting ongoing subdued jobs growth, while pay growth decelerated further. The GDP data surprised slightly on the upside – most analysts were expecting a quarterly gain of only 0.1% in Q2 while in […]

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  • Global Watch

    Global Watch May 2025

    12.05.2025

    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 – July 2025

    16.07.2025

    New Ireland Economic Forecasts  Our new forecast is for 8.1% GDP growth in 2025, slowing to 3.2% in 2026. These upward revisions reflect the surge in exports and multinational output over the past 12-months, but also buoyant consumer and public spending. Our forecast for modified domestic demand has been revised up slightly to 2.9% growth […]

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  • Ireland Infographic

    Ireland Infographic – July 2025

    16.07.2025

    We expect GDP will expand by 8.1% in 2025 and by 3.2% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic July 2025  

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  • UK Outlook

    UK Outlook – July 2025

    21.07.2025

    Growth outlook broadly unchanged Our forecasts are largely unchanged compared to our last Outlook in May amidst ongoing global trade uncertainty. We expect moderate slightly below trend GDP growth of 1.1% this year (a minor tweak from our prior forecast of 1.0%) and 1.3% next year (unchanged). Unemployment is set to continue edging upwards to […]

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  • UK Infographic

    UK Infographic – July 2025

    21.07.2025

    We expect UK GDP will increase by 1.1% in 2025 and 1.3% in 2026. Download the UK Infographic in full here: Bank of Ireland UK Infographic July 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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