OECD Economic Outlook, Volume 2019 Issue 1
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The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on the effects of digitalisation on productivity and a chapter summarising developments and providing projections for each individual country.
Ireland
Economic growth is projected to remain robust, but to ease gradually to 3.9% in 2019 and 3.3% in 2020. Abstracting from the volatile activities of multinational enterprises (MNEs), underlying domestic demand growth will remain solid, supported by strong construction investment. Equipment investment growth will moderate somewhat amid ongoing uncertainty around the Irish economy, notably that related to the Brexit process. As the unemployment rate has fallen to historically low levels, job growth will moderate but wage pressures will remain strong, feeding into higher inflation.
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