K. McQuinn, Conor O'Toole, P. Economides, Teresa Monteiro
{"title":"Quarterly Economic Commentary, Autumn 2017","authors":"K. McQuinn, Conor O'Toole, P. Economides, Teresa Monteiro","doi":"10.26504/qec2017aut","DOIUrl":null,"url":null,"abstract":"While data for the first quarter of the year suggested a certain slowing in the rate of economic activity, more recent indicators suggests that 2017 looks set to register strong growth for the Irish economy. In particular taxation receipts have increased somewhat in Quarter 2 compared with Quarter 1. Based on this and the continued strong performance of the Irish labour market and related growth in personal consumption we are now increasing our forecast for 2017 to 5.0 per cent for GDP. This is up by over 1 per cent from the last Commentary; our GDP forecast for 2018 is marginally increased to 4.0 per cent.","PeriodicalId":343647,"journal":{"name":"Forecasting Report","volume":"11 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Forecasting Report","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.26504/qec2017aut","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
While data for the first quarter of the year suggested a certain slowing in the rate of economic activity, more recent indicators suggests that 2017 looks set to register strong growth for the Irish economy. In particular taxation receipts have increased somewhat in Quarter 2 compared with Quarter 1. Based on this and the continued strong performance of the Irish labour market and related growth in personal consumption we are now increasing our forecast for 2017 to 5.0 per cent for GDP. This is up by over 1 per cent from the last Commentary; our GDP forecast for 2018 is marginally increased to 4.0 per cent.
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