Quarterly Economic Commentary, Spring 2017

The growth outlook for the Irish economy remains optimistic for 2016 and 2017 with growth forecasts of 3.8 and 3.6 per cent respectively. Domestic sources continue to be the driving force of growth with investment and consumption set to make strong positive contributions to GDP over the forecast period.  Increased activity in the construction sector is impacting both investment and consumption, as higher levels of residential and commercial supply increase investment and higher rents lead to higher levels of consumption.