Irish economy - Room for manoeuvre in Budget 2020 getting squeezed

Davy Research
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Despite talk of prudence, the underlying message in the Summer Economic Statement was that spending could rise faster than the 2.5% pencilled into current projections for 2020. If so, Ireland’s surplus could fail to rise above €1bn as planned. However, Ireland looks well placed to benefit from a restart of the ECB’s Public Sector Purchase Programme (PSPP) and will continue to diversify its funding through further green bond issuance.