Sweet Spot
by AIB Treasury Economic Research Unit
- There has been a stream of good news flow on the Irish economy in recent weeks culminating in an upgrade to its sovereign
debt rating to Aa3 from A1 by Moody’s.
- Nonetheless, with data remaining strong, there have been a raft of upgrades to Irish growth forecasts in the past month, most
notably from the Central Bank, ESRI and Dept. of Finance
- Underpinning the Irish economy’s strength and resilience are very strong financial fundamentals
- The strength of the public finances means the government has been able to use fiscal policy to cushion the impact of the
COVID pandemic and cost-of-living crisis on households and firms
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