Davy Research

Macro Forecasts


 20172018F2019F
Consumer spending 1.9 3.2 3.0
Government 1.8 2.0 2.0
Investment -22.3 8.2 7.2
Building and construction 16.6 12.5 10.7
Machinery and equipment (core) -12.0 12.0 8.0
Exports 6.9 5.0 4.8
Imports -6.2 4.2 4.3
Gross domestic product 7.8 5.7 4.5
General Government Balance (% GDP) -0.3 -0.2 -0.1
General Government Debt (% GDP) 68 65.4 62.5
Employment growth 2.9 2.7 2.5
Unemployment rate (%) 6.7 5.6 4.7
Last updated: April 30th 2018