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 Irish Macro Economic Forecasts


 Updated mid-April 2020 

Real GDP (% change) 2018  2019
 2020(f) Comment
   Personal Consumption  3.4 2.8 -14.0 Non-food spending collapse
   Government Consumption 4.4 5.6 10.0 Govt spending surge
   Capital Formation  -21.1 94.1 -36.0  
   -  Building and Construction  12.5  6.8 -17.0  
   - Machinery, Equipment, Intangibles -30.4 133.6 -40,0  
  Stocks (% of GDP)  0.4  0.5  1.5  
  Exports 10.4 11.1 -8.0 Contract manufacturing big impact
  Imports  -2.9 35.6 -18.0 decline in domestic spending
  GDP 8.2  5.5 -6.5 coronavirus longevity big unknown
  GNP 4.4 3.3 -6.0  
         
  Domestic Demand  -8.6 35.3 -21.0  
  GDP (€bn) 324.0  347.2 322.0  
         
 Labour Market        
   Employment (% change)  2.9  2.9 -6.0  
  Unemployment rate (%) 5.8 4.9 11.7  
         
Inflation        
   CPI (% change)
0.5 0.9 -0.6  
   HICP (% change)
0.7 0.9 1.3  
         
Fiscal Indicators
       
  Government Debt ( % of GDP)
63.6 58.6 66.4  
  General Government Balance (% of GDP)
0.0 0.4 -6.2