Quarterly Bulletin No.4 2023

Read the full Comment for Quarterly Bulletin No.4 2023.

Léigh tráchtaireacht ar an Timpeallacht Gheilleagrach.

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Economic activity has slowed noticeably in 2023 but the economy is still expected to grow over the forecast horizon.

Read this chapter in full: The Irish Economy.

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The post-pandemic rise in inflation, which affected economies throughout the globe, and the subsequent monetary policy tightening by most of the world’s central banks, have shaped developments in the global economy in the last couple of years.

Read in full: The International Economic Outlook

This Box provides an overview of recent developments in credit and deposit activity in Ireland, as well as a more detailed examination of the responsiveness of retail deposit rates and business volumes to the increase in euro area monetary policy rates since June 2022.

Read in full: Developments in Irish Deposit and Lending Activity

The Irish economy is characterised by the presence of large foreign-owned multinational enterprises (MNEs) alongside other firms whose activity is domestically oriented.

Read in full: Interpreting Mixed Signals on the Recent Performance of the Irish Economy and the Revised Short-Term Outlook

The official inflation measure in Ireland is based on the Consumer Price Index (CPI).  As Ireland is part of the euro area with common monetary policy set by the European Central Bank (ECB), inflation is also measured using the Harmonised Index of Consumer Prices (HICP)

Read in full:  Headline measures of inflation in Ireland: explaining the difference

Inflation can affect Irish households differently depending on the spending patterns observed across the income distribution.

Read in full: Changes in real income across the distribution of Irish households