Wednesday May 27, 2020

Brexit effect 'muted' as Central Bank ups forecast

Employment growth and weaker sterling boosting incomes, but Brexit deadlock looms

12th October, 2017
Central Bank chief economist Gabriel Fagan still concerned about Brexit. Pic: Rollingnews.ie

In its latest quarterly bulletin, the bank said it now expected gross domestic product to grow by 4.9 per cent this year, up from its previous 4.5 per cent forecast. It also raised its 2018 growth forecast from 3.6 per cent to 3.9 per cent.

Chief economist Gabriel Fagan said Ireland’s economic outlook remained strong, boosted by employment growth, higher wages and consumer spending.

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