Sustainability Institute
working towards a sustainable future
Economic Forecasts 2012-2013
Economic Forecast 2012
30th December 2011
Category |
ERSI |
Irish Govt |
Sustainability Institute |
Economic Growth Ireland (GDP) |
-5.9% |
||
Economic Growth Eurozone (GDP) |
-1.8% |
||
Economic Growth UK (GDP) |
-2.7% |
||
Economic Growth US (GDP) |
-1.3% |
||
Economic Growth Global (GDP) |
-0.9% |
||
European Central Bank Interest Rate |
0.75% |
||
$/€ Exchange Rate |
1.30 (end of year) |
||
£/€ Exchange Rate |
0.82 (end of year) |
||
Price of Crude Oil (maximum price per barrel 2012) |
$140 |
||
Price of Crude Oil (average price 2012) |
$105 |
||
Ireland |
|
||
Consumer Spending |
-6.8% |
||
Consumer Price Index |
-1.2% |
||
House Prices |
-14.0% |
||
Domestic Rent Prices |
-15.0% |
||
Unemployment (end of year) |
17.0% |
||
Unemployment (average 2012) |
15.5% |
||
House Completions |
7,000 |
Preliminary Economic Forecast 2013
30th December 2011
Category |
ERSI |
Irish Govt |
Sustainability Institute |
Economic Growth Ireland (GDP) |
-4.3% |
||
Economic Growth Eurozone (GDP) |
-1.9% |
||
Economic Growth UK (GDP) |
-3.4% |
||
Economic Growth US (GDP) |
-1.7% |
||
Economic Growth Global (GDP) |
-1.2% |
||
European Central Bank Interest Rate |
0.5% |
||
$/€ Exchange Rate |
1.25 (end of year) |
||
£/€ Exchange Rate |
0.80 (end of year) |
||
Price of Crude Oil (maximum price per barrel 2013) |
$155 |
||
Price of Crude Oil (average price 2013) |
$113 |
||
Ireland |
|
||
Consumer Spending |
-6.5% |
||
Consumer Price Index |
2.5% |
||
House Prices |
-12% |
||
Domestic Rent Prices |
-12% |
||
Unemployment (end of year) |
19.2% |
||
Unemployment (average 2013) |
18.0% |
||
House Completions |
6,000 |