Macroeconomics
Macroeconomic research aims to improve understanding of economic growth, the property market and the relationship between the macroeconomy and the financial sector. A major feature of macroeconomic research at the ESRI is the development and maintenance of a suite of economic models, including COSMO (COreStructuralMOdel).
This report examines the extent of cross-border trade in services on the island of Ireland and the characteristics of the firms participating in this trade. The main services traded include transportation and storage, business services and computer consultancy. The report aims to fill an information gap on the extent and structure of services trade where data is much more limited compared to the detailed information available on goods trade.
We anticipate growth across all main economic activity indicators in 2024 and 2025. This comes despite discrepancies between Modified Domestic Demand (MDD) and headline indicators like GDP and GNP regarding the direction of change in Irish economic activity in 2023. We now believe MDD will grow by 2.3 per cent in 2024 and 2.5 per cent in 2025, while we anticipate GDP, heavily influenced by the MNE sector, to grow moderately at 2.5 per cent this year and 2.3 per cent in 2025.
The ESRI has produced a number of economic forecasts, including the Quarterly Economic Commentaries, Ireland's Economic Outlook and the Medium-Term Reviews.
Download research examining the potential impact of Brexit across areas including trade, economic growth and consumer prices.
This section includes ESRI work on the Irish housing market, including the RTB rent reports and research on house prices and affordability.
