Fast Market Research

"Ireland Business Forecast Report Q2 2014" Published

Fast Market Research recommends "Ireland Business Forecast Report Q2 2014" from Business Monitor International, now available


Boston, MA -- (SBWIRE) -- 02/19/2014 -- We expect Ireland's economic recovery to finally begin gathering momentum in 2014, with above-consensus growth of 2.1% pencilled in for the year.

Although Ireland's sizeable export industry will continue driving growth, our core view is for consumption to start playing a bigger role in the recovery, as we believe unemployment and house prices have bottomed, wages are recovering, and confidence is returning to the private sector.

Fixed investment, which collapsed in the aftermath of the property crash, looks set to enjoy a modest recovery, as the construction sector is buoyed by rising prices and confidence in the property sector.

Although Ireland has successfully exited its EUR85bn bailout with the EU/IMF, we expect the Fine Gael/Labour coalition to remain broadly committed to fiscal consolidation, with both parties having staked a large part of their reputation on stabilising the country's finances.

View Full Report Details and Table of Contents

Despite Ireland's improving economic outlook, we do not expect support for the coalition to recover significantly over the coming quarters, with Irish citizens likely to continue feeling the pain as household incomes remain well-below pre-crisis levels for some time to come.

Major Forecast Changes

We have revised our forecast for real GDP growth to come in at 2.4% in 2015, from 2.2% previously, with improving high-frequency data and leading indicators leading us to expect the recovery in consumption to gather more traction over the next few quarters.

Key Risks To Outlook

A key risk to our outlook is for a slower recovery in Ireland's main trading partners in 2014, particularly in Europe. We would be tempted to downgrade our real GDP forecasts for Ireland if leading indicators point towards subdued external demand in H114, as lower exports would narrow the trade surplus and feed through into a slower recovery in private consumption.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Country Reports research reports at Fast Market Research

You may also be interested in these related reports:

- Oman and Yemen Business Forecast Report Q2 2014
- Kuwait Business Forecast Report Q2 2014
- Canada Business Forecast Report Q2 2014
- Chile Business Forecast Report Q2 2014
- Hong Kong Business Forecast Report Q2 2014
- Croatia Business Forecast Report Q2 2014
- Japan Business Forecast Report Q2 2014
- Hungary Business Forecast Report Q2 2014
- Botswana Business Forecast Report Q2 2014
- Brazil Business Forecast Report Q2 2014