No Sham-Rock
by AIB Treasury Economic Research Unit
- The latest Quarterly Bulletin from the Central Bank saw upgrades to its forecasts for the Irish economy.
- The Central Bank’s growth forecasts are somewhat more upbeat than the recently published projections from the European Commission.
- Overall, the data indicate that the Irish economy is showing considerable resilience in the face of the sharp jump in inflation, marked increases in interest rates, and more subdued growth in its main export markets.
- Surveys indicate that labour shortages are now the main factor inhibiting growth across the economy
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