Central Bank ups Irish growth forecast again

Bank sees job numbers moving above pre-crisis peak, but warns of a risk of overheating as full employment comes closer

26th January, 2018
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The Central Bank has sharply raised its forecast for economic growth this year from 3.9 per cent to 4.4 per cent in its latest quarterly bulletin. But its first estimate for 2019 sees the pace of expansion slowing to 3.9 per cent.

The Central Bank attributed the higher forecast for this year to stronger than expected demand from Ireland’s trading partners, as the euro zone recovery gains momentum and forecasts for the US economy are raised.

But...

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