Bank of Ireland has issued a growth forecast for the Irish economy of 3.5% for 2026, projecting a moderation to 2.5% in 2027.
The bank also expects the domestic housing market to strengthen, with construction output rising to just under 40,000 homes this year from 36,000 in the prior period.
1%, citing rising consumer price expectations and energy cost pressures linked to geopolitical tensions in Iran.
The forecast comes as European central banks and financial institutions are revising their economic outlooks amid shifting inflation dynamics.
The Bank of Italy recently upgraded its full-year inflation forecast for 2026 to 3.1%, citing rising consumer price expectations and energy cost pressures linked to geopolitical tensions in Iran.
Similarly, the Bank of Greece has upgraded its growth projections, pointing to a favorable scenario for the region.
Bank of Ireland’s assessment suggests resilience in the Irish economy, driven by construction activity and broader domestic demand.