Quarterly Bulletin No.1 2024

Read the full Comment for Quarterly Bulletin No.1 2024.

Léigh tráchtaireacht ar an Timpeallacht Gheilleagrach.

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The domestic economy continues to grow in early 2024, but weak external demand and domestic capacity constraints are expected to weigh on the pace of growth over the forecast horizon.

Read this chapter in full: The Irish Economy.

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This Article introduces the experimental Distributional Wealth Accounts (DWA) for Ireland - a novel high-frequency dataset on household wealth consistent with National Accounts statistics, addressing increasing interest and growing demand for timely, consistent and internationally comparable information on the distribution of assets and liabilities across households.

Read signed article in full.

With the notable exception of the United States, the global economy in 2023 witnessed a weakening in demand and growth momentum.

Read in full: The International Economic Outlook

The cost of credit facing Irish firms has risen markedly in response to ECB monetary policy changes, with interest rates on new business loans having increased by 302 basis points to 5.69 per cent since the ECB began raising rates in July 2022.

Read in full: How have rising interest rates affected businesses' credit dynamics?

The Sahm rule is an economic indicator proposed to identify turning points in the (US) business cycle (Sahm, 2019).

Read in full: Is the Sahm rule useful for Ireland?

On 31 January 2024, the UK introduced customs and Sanitary and Phytosanitary (SPS) requirements on all imports into Britain from the EU including Ireland, as contained in its new Border Target Operating Model (BTOM).

Read in full:  New changes to trading arrangements for Irish exporters to the UK

Over the course of 2023, the Central Bank of Ireland Expectations Survey (CBIES) gauged consumers’ economic expectations based on a representative sample of the population in Ireland.

Read in full: What does survey evidence tell us about Irish consumer's earnings expectations?

Recent analysis has outlined how the interaction of profits, productivity growth and labour costs influences domestically-driven inflation (O’Brien, 2023).

Read in full: Diverging measures of labour costs: What to monitor for inflation purposes?