Blog Postlist

Economics Weekly July 5th

This week we published our new forecasts for the Irish economy. We 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, but reflecting well understood measurement distortions relating to the multinationals. In contrast, most indicators suggest the Irish economy expanded at […]

Muted reaction to Labour’s landslide

Not surprisingly perhaps, there’s a muted market reaction this morning to Labour’s landslide victory in the UK general election, which had been well flagged in opinion polls before the vote. In FX, sterling and the euro both nudged up against the dollar during yesterday’s session and they are currently trading in and around their highs […]

Labour’s day in the UK?

The dollar remained under pressure yesterday on the back of a slew of generally softer than expected US economic data, with the euro and sterling rising to intra-day highs of $1.0817 and $1.2760 respectively before easing back a little. They are trading at $1.0790 and $1.2740 this morning, with EURGBP little changed from yesterday morning […]

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

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 […]