Irish economy

Revising up our Irish GDP forecasts


We have revised up our forecast for Irish GDP to just a 1.7% contraction in 2020, mainly reflecting the resilience of the multinational sector but also that the re-opening of the economy in Q3 was brought forward faster than we anticipated. We expect consumer spending to decline by 10% in 2020 and employment by 9%, but the deficit of €22bn is far better than expected.

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Sep 14 2020, 07:00 IST/BST