Quarterly Bulletin No.2 2024

Read our latest assessment of the Irish and euro area economies in our latest Quarterly Bulletin.

Quarterly Bulletin was published on 18 June 2024.

Quarterly Bulletin Q2 2024 | pdf 3178 KB

(Ensure cookies are turned "on" to load the video above) | Transcript of the video "Quarterly Bulletin 2 2024 - Irish Economic Outlook" Forecast growth, Unemployment, Inflation rate

Forecast growth, Unemployment, Inflation rate

Comment for Quarterly Bulletin

Read the full Comment for Quarterly Bulletin No.2 2024.

Léigh tráchtaireacht ar an Timpeallacht Gheilleagrach.

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The Irish Economy

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Signed Articles - Inflation Forecasting at the Central Bank of Ireland Analysing changes in inflation and forecasting its future path are important exercises

Analysing changes in inflation and forecasting its future path are important exercises in assessing overall economic conditions and as an input to domestic and monetary policy decision making.

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Signed Article - Fiscal Priorities for the Short and Medium Term The Irish economy has withstood the effects of recent negative shocks and is at full employment.

The Irish economy has withstood the effects of recent negative shocks and is at full employment. Starting from this favourable position, fiscal policy now has a central role to play in maintaining sustainable growth while at the same time addressing structural challenges.

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Box A: The International Economic Outlook

The global economy continues to tread an uncertain path marked by continued geopolitical tensions and a risk of global fragmentation in trade.

Read in full: The International Economic Outlook

Box B: Household financial assets and the changing interest rate environment

Central Bank quarterly financial accounts statistics show that as of Q4 2023, aggregate Irish household financial assets are primarily comprised of ‘currency and deposits’ (38 per cent), and ‘pensions and insurance’ (44 per cent), together making up over 80 per cent of household financial assets.

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Box C: Implications of euro area-US interest rate divergence for the Irish economy

The recent economic performance of the United States has been solid even with historically high interest rates, as confirmed by a series of data releases between end-2023 and early-2024.

Read in full: Implications of euro area-US interest rate divergence for the Irish economy

Box D: Housing supply uncertainty in the delivery cycle

Recent developments in the life cycle of housing supply in Ireland have created some uncertainty around current forecasts for housing completions.

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Box E: Risks to Irish Inflation from elevated global oil supply uncertainty

On the range of upward risks to present inflation, energy prices – and particularly oil prices – stand out among the most significant threats to the current path of inflation back to target.

Read in full: Risks to Irish Inflation from elevated global oil supply uncertainty