Quarterly Bulletin No.4 2024

Read the full Comment for Quarterly Bulletin No.4 2024.

Léigh tráchtaireacht ar an Timpeallacht Gheilleagrach.

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Read this chapter in full: The Irish Economy.

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The long-term outlook for the economy will be determined by fundamental factors such as population growth, investment and productivity. 

In this article, we provide a framework for assessing the economy’s long-term growth prospects and evaluate how major structural changes already underway could influence it. 

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In March 2024, the ECB Governing Council announced important changes to its operational framework for implementing monetary policy. 

This article serves to explain what an operational framework is and why it is important for the smooth transmission of monetary policy. 

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Across the world, inflation is easing and supply shocks are dissipating. Overall, global economic growth remains steady (with the IMF expecting growth of 3.2 per cent in 2024) but is becoming more and more dependent on the US, China and other emerging markets as the source of that growth.

Read in full: The International Economic Outlook

This Box describes developments in Irish private sector debt, which stood at 146 per cent of GDP on a consolidated basis in Q2 2024

Read in full: Developments in Private Sector Debt

The Irish economy experienced a rapid recovery from the pandemic with activity (measured by GNI*) growing at an annual average rate of 7.8 per cent since 2021.

Read in full: Assessing the Cyclical Position of the Irish Economy

As a small open economy, Ireland has benefitted for many decades from greater global integration involving more seamless cross-border movement of goods, services, people, ideas and capital, and the broad multilateral framework that enables such activity to take place.

Read in full: Geoeconomic risks to the outlook: The possible impact of escalating trade tensions, alternative tariff and tax regimes on the Irish economy