Irish Economy
Tax data imply slower Q2 growth following a robust Q1
National accounts for Q1 and exchequer returns for May were published yesterday (Thursday June 5th). A surge in gross domestic product (GDP) and investment took place amid a huge...
European Central Bank poised to cut again this week
The European Central Bank (ECB) is widely expected to cut interest rates again this week. This would bring the deposit rate to 2% just one year after it was 4% as its easing cycle...
FDI will remain an important part of Irish economic model
This week, we hosted a webinar on foreign direct investment (FDI) in Ireland. Ireland’s FDI-dependent economic model has come under scrutiny this year as a result of disruption to global...
Uncertainty hits Dublin property prices in March
A monthly decline in Dublin residential property prices for March is likely to capture much-increased uncertainty. However, prices outside Dublin accelerated, and revisions are always a...
UK consumer price index for April in focus this week
April’s UK consumer price inflation (CPI) is expected to increase well above 3%. Given that economic activity has been stronger than expected and wage growth remains above 5%,...
Early signals due this week for the US economy in May
Preliminary US data for May are likely to capture most of the attention this week, and April data could show an initial upward impact on consumer prices due to tariffs. In the UK and...
Faster housing delivery could mitigate the impact of tariffs
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...
Market focus returns to central bank meetings this week
Markets this week will focus on meetings for the Federal Reserve and Bank of England. Three further cuts this year are priced in for each, but the Bank of England is firmly expected...
Government’s new forecasts are expected tomorrow
The main release of note this week is tomorrow’s expected update of economic and fiscal forecasts from Ireland’s Department of Finance. Elsewhere, US labour market data for April are...
Housing output disappoints again in Q1
Despite growth in new apartments in Q1, house completions disappointed compared to our expectation of an increase, and our forecast of 42k units this year already looks unlikely to be...
