Quarterly Bulletin No.3 2023

Read our latest assessment of the Irish and euro area economies in our latest Quarterly Bulletin.

Quarterly Bulletin was published on 19 September 2023.

Quarterly Bulletin Q3 2023 | pdf 4042 KB Quarterly Bulletin Q3 2023

The economy is expected to continue to grow over the forecast horizon, but the pace of growth has been revised downwards since the last Bulletin.

Read this chapter in full: The Irish Economy

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The Irish economy is currently experiencing a tight labour market and high inflation.

Read signed article in full.

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Earnings growth under high inflation

According to the IMF World Economic Outlook (July 2023), global growth is projected to be higher than previous estimates, but it still remains weak by historical standards.

Read in full: The International Economic Outlook

Outstanding bank loans to NFCs stood at €31.1 billion in June, which represents a 0.4 per cent increase compared to June 2022.

Read in full: Spending, credit, and deposit activity of Irish households and businesses

Over the pandemic, Irish households accumulated an unprecedented
stock of savings.

Read in full: Post-Pandemic excess savings in Ireland

The value of Irish merchandise (goods) exports increased by €42 billion or just under 26 per cent in 2022 – the largest annual growth in exports since 1998.

Read in full: What explains the decline in Irish exports in 2023

Having experienced a Covid-19 related increase in 2020, the Irish general government debt ratio has resumed its downward path in recent years.

Read in full: Government Debt Sustainability Analysis - An Update

Supplementary Data

QB3 2023 Data Appendix | xlsx 45 KB QB3 2023 Box Chartpack | xlsx 1029 KB QB3 2023 Chartpack | xlsx 1848 KB