Irish Economy
US-EU tariff deal does not alter our Irish economy outlook
A number of details about yesterday’s 15% tariff deal between the US and EU remain unclear. However, despite the inclusion of pharmaceuticals (other than some chemicals and generics)...
Q2 housing, a new National Development Plan and the Summer Economic Statement
This week, three important Irish releases include Q2 housing completions, a new National Development Plan (NDP) and the Summer Economic Statement. Some €200bn of public capital spending...
A further acceleration in residential property prices
A broad-based acceleration in residential property prices took place in May, while upward revisions to April data confirm strong momentum in Q2 despite high global uncertainty so far...
A spotlight on June consumer price inflation data
The latest threatened US tariffs by President Trump of 30% on the EU will generate further headlines over coming weeks. Our view remains that these policies are ultimately...
All eyes on the White House ahead of tariffs pause expiry
The week ahead is relatively light for significant data releases, but the expiry of a pause on US “reciprocal” tariffs will be the centre of attention. Limited signals of progress to...
A pivotal week for the ECB
While market pricing has moved away from any further European Central Bank (ECB) rate cuts this year, this week’s flash inflation data for June could be pivotal. As a result, a number...
Geopolitical tensions escalate as US strikes Iran
The main releases this week include flash purchasing managers’ index (PMI) data and US consumer sentiment data for June. However, markets may take their lead from an escalation of...
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...
