Ireland

Ireland

Economic update - August 2020

Economic forecasts

Ireland

            2019 2020 2021
Real GDP  (average yearly change, in %) 5.6 -5.0 4.0
Inflation (average yearly change, harmonised CPI, in %) 0.9 -0.5 1.5
Unemployment rate (Eurostat definition, in % of the labour force, end of year) 4.7 11.0 7.0
Government budget balance (in % of GDP) 0.4 -7.0 -4.0
Gross public debt (in % of GDP) 58.8 69.0 75.0
Current account balance (in % of GDP) -9.4 -5.0 4.0
House prices (Eurostat definition, average yearly change in %, existing and new dwellings) 2.3 -7.0 3.5
            06/08/2020

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