Market comment - Irish GDP growth to bounce back in Q2 2018

Davy Research
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We expect today’s GDP data for Q2 to show a bounce-back after a contraction in Q1, leaving our forecast for a 5.7% GDP growth in 2018 intact. Irish GDP contracted by 0.6% in Q1 2018, led by a 5.8% fall in exports, illustrating the volatility of the national accounts data mainly because of the large multinational sector.