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Country Economic Forecasts > Ireland

  • September 2017
  • 13 pages
  • Oxford Economics
Report ID: 1907578

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GDP fell by 2.6% on the quarter in Q1 this year after the 5.8% surge in Q4 2016 - with the year-on-year growth rate slowing to 6.6% from 8.9% - supporting our view that 2017 growth will be dampened by base effects, in particular with respect to investment (which fell 38% in Q1). As a result of the weak Q1 result, we have lowered our forecast of 2017 GDP growth to 4.5%. Over the medium term, we expect growth to average around 2%, as exports grow more in line with international trade dynamics and investment growth stabilises at more sustainable levels.

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