DAVY VIEW

Updated forecasts from the Department of Finance show that economic growth will slow next year due to US tariffs. However, we continue to believe that this presents a compelling rationale for the Government to use all available levers to accelerate housing and infrastructure delivery in the near term. This would help to mitigate the impact of a likely slowdown in external demand, while helping to address a long-standing vulnerability in supply terms. Separately, April’s tax data suggest strong economic growth has continued and an ongoing increase in housing capital spending.