EY Economic Eye: GDP growth revised downwards based on gloomier global outlook but labour market continues to beat the odds

ROI GDP growth for 2020 revised downwards to 3.0% from 3.3% on the back of a weaker global economic outlook and continued Brexit uncertainty Growth is projected to further slow to 2.8% in 2021, assuming the avoidance of a hard Brexit A no-deal Brexit outcome could see 2020 GDP dip to 1.3% Tentative signs that […]

Ibec Quarterly Economic Outlook Forecasts Growth In 2018

Ibec, the group that represents Irish business, today published its latest Quarterly Economic Outlook (attached), which forecasts growth of 4.8% for 2017, and 3.9% in 2018. This growth is being driven by a buoyant labour market, with figures showing total household disposable income increasing sharply. It warned, however, that the risk of our growth being derailed […]