Quarterly Sectoral Forecasts

“Economic growth is expected to remain relatively modest in both Northern Ireland and the wider UK. Business taxes are higher, inflation is running above target and uncertainty around fiscal tightening is increasing. Alongside these domestic factors, uncertainty related to global trade policy and geopolitical developments remains elevated. However, we continue to expect further gradual loosening of monetary policy which could provide some support to household spending and business investment.”

Conor Lambe - Chief Economist