The Eurozone is Ireland’s biggest trading partner, accounting for circa 35% of goods and 30% of service exports.
Encouragingly, survey data suggest that the Eurozone economy has regained some momentum so far this year, helped by a fall in wholesale energy prices and supportive fiscal policies
The Eurozone economy then, has proved more resilient than expected in the face of high inflation and rising interest rates.
This week, all eyes will be on the US Federal Reserve monetary policy meeting.
Similarly, the market is now unsure if the BoE will increase Bank rate at this week’s MPC meeting
