Quarterly Bulletin No.1 2023

Read the full Comment for Quarterly Bulletin No.1 2023.

Léigh tráchtaireacht ar an Timpeallacht Gheilleagrach.

Note: The direct pdf page links do not work for users who are browsing on Safari

While still challenging, a better than previously expected global economic backdrop and continuing domestic resilience shapes the near-term outlook for the Irish economy.

Read this chapter in full: The Irish Economy

Note: The direct pdf page links do not work for users who are browsing on Safari

The ICT services sector has expanded rapidly in Ireland with employment almost doubling since 2010.

Read signed article in full.

Note: The direct pdf page links do not work for users who are browsing on Safari

Inflation has dominated developments in the global economy in recent months, arising from a surge in energy prices as a result of the Russian war in Ukraine, as well as post-pandemic reopening of major economies.

Read in full: The International Economic Outlook

To tackle high inflation, the ECB has increased its policy rate by 300 basis points (bps) since July 2022 to reach 2.5%.

Read in full: Transmission of monetary policy: the Bank Lending Channel

This Box provides a review of the latest developments in Irish household and non-financial corporations’ credit, spending and deposit activity.

Read in full: Spending, credit, and deposits: An update on Irish household and business activity

UK economic growth has been weak in recent years relative to Ireland’s other main trading partners, even allowing for common shocks such as the pandemic and the Russia-Ukraine war.

Read in full: Implications of Weaker UK Economic Growth for the Irish Economy

In this Bulletin, the forecast for HICP inflation in 2023 has been revised down by 1.3 percentage points compared with our previous projection in October.

Read in full: Inflation forecast revisions in this Bulletin

The average number of hours worked by those in jobs, combined with the number of people employed, measures the quantity of labour used to produce goods and services in the economy.

Read in full: Changes in Average Actual Hours Worked since the Pandemic