The Economic Outlook report from Friends First Chief Economist, Jim Power, has been published last week.  This shows that the strong and broad-based Irish Economic recovery in 2015 has continued its momentum so far in 2016, with growth still very positive. However, there are some tentative signs that growth is easing somewhat. Brexit uncertainty and currency movements are the key contributing factors.

• GDP growth of at least 4.3% looks achievable in 2016, on track with forecasts
• Stability of Government and prudent management of Fiscal Policy critical to economic resilience
• Difficult to argue with anything in the action plan for housing and homelessness but needs to be delivered
• BREXIT: Slowdown of UK Economy and weakening of sterling are key concerns for Ireland

Read the full report here: Economic Outlook Report August 2016