Sustainability Institute
working towards a sustainable future
Economic Forecasts 2011-2012
Economic Forecast 2011
26th January 2011. 11th April forecast below
Category |
ERSI |
Irish Govt |
Sustainability Institute |
Economic Growth Ireland (GDP) |
-6.2% |
||
Economic Growth Eurozone (GDP) |
-1.8% |
||
Economic Growth UK (GDP) |
-2.9% |
||
Economic Growth US (GDP) |
-1.4% |
||
Economic Growth Global (GDP) |
-0.9% |
||
European Central Bank Interest Rate |
1.0% |
||
$/€ Exchange Rate |
1.30 (end of year) |
||
£/€ Exchange Rate |
0.87 (end of year) |
||
Price of Crude Oil (maximum price per barrel 2011) |
$125 |
||
Price of Crude Oil (average price 2011) |
$92 |
||
Ireland |
|
||
Consumer Spending |
-9.6% |
||
Consumer Price Index |
-4.2% |
||
House Prices |
-16.5% |
||
Domestic Rent Prices |
-21.0% |
||
Unemployment (end of year) |
17.5% |
||
Unemployment (average 2011) |
15.5% |
||
House Completions |
8,000 |
Preliminary Economic Forecast 2012
26th January 2011. 11th April forecast below
Category |
ERSI |
Irish Govt |
Sustainability Institute |
Economic Growth Ireland (GDP) |
-4.5% |
||
Economic Growth Eurozone (GDP) |
-1.3% |
||
Economic Growth UK (GDP) |
-2.2% |
||
Economic Growth US (GDP) |
-1.7% |
||
Economic Growth Global (GDP) |
-1.2% |
||
European Central Bank Interest Rate |
1.5% |
||
$/€ Exchange Rate |
1.25 (end of year) |
||
£/€ Exchange Rate |
0.89 (end of year) |
||
Price of Crude Oil (maximum price per barrel 2012) |
$155 |
||
Price of Crude Oil (average price 2012) |
$103 |
||
Ireland |
|
||
Consumer Spending |
-6.5% |
||
Consumer Price Index |
-2.5% |
||
House Prices |
-16% |
||
Domestic Rent Prices |
-18% |
||
Unemployment (end of year) |
21.0% |
||
Unemployment (average 2012) |
19.2% |
||
House Completions |
6,000 |
Economic Forecast 2011
11th April 2011
Category |
ERSI |
Irish Govt |
Sustainability Institute |
Economic Growth Ireland (GDP) |
-6.0% |
||
Economic Growth Eurozone (GDP) |
-1.7% |
||
Economic Growth UK (GDP) |
-3.1% |
||
Economic Growth US (GDP) |
-1.3% |
||
Economic Growth Global (GDP) |
-0.9% |
||
European Central Bank Interest Rate |
1.5% |
||
$/€ Exchange Rate |
1.38 (end of year) |
||
£/€ Exchange Rate |
0.91 (end of year) |
||
Price of Crude Oil (maximum price per barrel 2011) |
$145 |
||
Price of Crude Oil (average price 2011) |
$116 |
||
Ireland |
|
||
Consumer Spending |
-9.4% |
||
Consumer Price Index |
-2.6% |
||
House Prices |
-17.0% |
||
Domestic Rent Prices |
-22.0% |
||
Unemployment (end of year) |
17.5% |
||
Unemployment (average 2011) |
15.8% |
||
House Completions |
7,700 |
Preliminary Economic Forecast 2012
11th April 2011
Category |
ERSI |
Irish Govt |
Sustainability Institute |
Economic Growth Ireland (GDP) |
-4.5% |
||
Economic Growth Eurozone (GDP) |
-1.5% |
||
Economic Growth UK (GDP) |
-2.5% |
||
Economic Growth US (GDP) |
-1.9% |
||
Economic Growth Global (GDP) |
-1.4% |
||
European Central Bank Interest Rate |
1.5% |
||
$/€ Exchange Rate |
1.40 (end of year) |
||
£/€ Exchange Rate |
0.94 (end of year) |
||
Price of Crude Oil (maximum price per barrel 2012) |
$155 |
||
Price of Crude Oil (average price 2012) |
$120 |
||
Ireland |
|
||
Consumer Spending |
-6.5% |
||
Consumer Price Index |
-2.0% |
||
House Prices |
-16% |
||
Domestic Rent Prices |
-18% |
||
Unemployment (end of year) |
21.1% |
||
Unemployment (average 2012) |
19.2% |
||
House Completions |
5,800 |