Ireland’s economy will see the second largest growth in the European Union next year, according to the European Commission, who has forecast growth of 4.5%.
Economy now ‘flirting’ with full employment which is putting upward pressure on wages; housing shortage still a ‘fundamental’ issue.
Bank of Ireland has reported a pre-tax profit of € 454 million for the first half of its financial year, as the bank benefited both from its cost-cutting programme and the improving economy, which saw BOI write back some €81 million of previously impaired loans.
European Commission predicts GDP growth of 5.6% for 2018 and 4% for next year.
In the midst of some signs of an easing of eurozone growth so far in 2018, it is interesting to observe that almost all data releases are providing a very upbeat assessment of what is happening in the Irish economy.