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Quarterly Economic Commentary, Spring 2021. ESRI Forecasting Series March 2021.

McQuinn, Kieran and O'Toole, Conor and Kostarakos, Ilias and Coffey, Cathal (2021) Quarterly Economic Commentary, Spring 2021. ESRI Forecasting Series March 2021. UNSPECIFIED.

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    Abstract

    In light of the current level-5 restrictions, we have revised down our 2021 forecasts from the 2020 Winter Commentary. We now assume that the lockdown measures that commenced on the 30 December 2020 will last until at least the 5 April 2021 and that there will be a gradual easing of restrictions thereafter. We also assume that the vaccination programme will facilitate the broad relaxation of public health restrictions in the second half of 2021 and that there will not be another full Level 5 lockdown towards the end of the year. Under these assumptions, we expect Irish GDP to increase by 4.4 per cent in the present year. We also outline our first set of forecasts for 2022 with output expected to increase by 5.2 per cent.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > public health policy (including global activities)
    Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > economic growth
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI General Papers
    Depositing User: Daniel Pennell
    Official EU Document: No
    Language: English
    Date Deposited: 26 Jul 2021 11:02
    Number of Pages: 64
    Last Modified: 26 Jul 2021 11:02
    URI: http://aei.pitt.edu/id/eprint/103464

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