Quarterly Economic Commentary, Summer 2019

While a number of international concerns continue to cast a shadow on the domestic economy, both taxation receipts and labour market indicators suggest that the Irish economy continues to perform strongly in 2019. Output is still forecast to grow by 4.0 per cent in 2019 before moderating somewhat at 3.2 per cent in 2020. Unemployment is set to fall to 4.5 per cent by the end of the present year and to 4.1 per cent at the end of the next year. All forecasts, unless otherwise stated, maintain the Commentary’s baseline assumption that the trading status of the United Kingdom remains equivalent to that of a full European Union Member State.