Irish Economy

Irish government announces tighter restrictions for Dublin

On Friday (September 18th), the Irish government announced fresh COVID-19 restrictions for the capital Dublin, shutting down restaurants and bars and imposing restrictions on travel....

CSO survey shows business conditions gradually improving

Yesterday’s Central Statistics Office (CSO) Business Impact of COVID-19 survey showed a modest improvement in conditions in August, with two-thirds of companies operating at normal...

Budget 2021 to provide additional fiscal support

The news that the October 13th Budget for 2021 will provide further fiscal support (focused on housing, health and the environment) is not a great surprise given we expect a deficit...

Irish government publishes ‘Living with COVID-19’ plan

Yesterday (September 15th), the Irish government’s ‘Living with COVID-19’ plan eased restrictions in international travel (dropping quarantine requirements for non ‘green list’...

Unemployment claimants fall at sharpest pace since August

Yesterday’s Pandemic Unemployment Payment (PUP) claimant data saw the sharpest weekly drop since early August, down 9,959 to 210,000. This suggests a little more momentum in the...

Irish GDP forecasts revised up on resilient multinational sector

We have revised up our forecast for Irish GDP in 2020 to a -1.7% contraction but starkly split between an 11% expansion in the multinational sectors and a 10.4% contraction in indigenous...

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...

I fought the law

The clash between the EU/UK has intensified with an end-September deadline now set for the UK to set aside the provisions of the internal market bill that undermine the withdrawal...

RICS house price balance rises to four-year high

Given that the Halifax and Nationwide indices indicated house price inflation had accelerated to 4%, this morning’s RICS house price balance at +44% in August (a four-year high) isn’t a...

Euro under pressure ahead of ECB policy meeting

The euro remains under pressure this morning, dropping to $1.177 against the dollar - close to its weakest level since early August - ahead of tomorrow’s ECB meeting. Expectations that...