Market comment

Our new forecast for 5% Irish GDP growth in 2019

DAVY VIEW

We have revised down our forecast for GDP growth to 5% in 2019 (versus 5.6% previously) and expect 4% in 2020. This reflects softer GDP and employment growth at end-2018. However, we still expect domestic demand to drive growth, with the export sector protected from the European manufacturing slowdown by its defensive nature, concentrated in agri-food and pharmaceuticals.

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Apr 8 2019, 08:55 IST/BST

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