Risks to global growth cloud Ireland’s future

While official domestic forecasts are upgrading expectations for the Irish economy, it’s sobering to look at key factors underlying last year’s extraordinary uptick in GDP

The last two weeks have been kind to Irish economic forecasters, with a strong GDP print for 2017, and major growth upgrades.

The Department of Finance this week upped its earlier forecast from 3.5 per cent for 2018 to 5.6 per cent, and tilted its 2019 forecast from 3.2 per cent estimated around Budget 2018 up to 4 per cent. Both improvements were driven by the official projections now putting unemployment at 5.8 ...