March 2024
The Central Bank recently issued its Quarterly Bulletin for 2024.Global headwinds and domestic capacity constraints temper the outlook for growth of the Irish Economy.The process of headline disinflation has progressed significantly as external price pressures have passed.However, domestic price developments – especially in the services sector – have been more persistent.Higher interest rates – both here and abroad – are weighing on demand conditions.With a moderate growth momentum in the domestic economy anticipated out to 2026, increased focus turns to enhancing supply side conditions to bolster resilience and support sustainable growth in living standards.
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Source: centralbank.ie