Investor Presentaiton
Favourable macroeconomic environment
Bank of Ireland Group
Growing economy
Employment increasing, just under 50,000 new jobs Y-o-Y Q1 '16
Unemployment falling, down to 7 year low of 7.8%
Retail sales rising, up 5.3% year-on-year in June
Leading FDI hub with young educated workforce
GDP
2016f: 4.3%
2017f: 3.0%
Positive momentum
Domestic economy to benefit from further investment, sustained
consumer spending and an improving labour market
GDP forecast to grow by 4.3% in 2016 and 3.0% in 2017
Despite headwinds
Related to the UK vote to leave EU
Weaker sterling
Increased uncertainty & impact on UK growth
May dampen exports and weigh on confidence
Sources: BOI Economic Research Unit, Central Statistics Office
%
3.0
2.5
2.0
1.5
1.0
Healthy underlying
growth
Solid Employment Growth
0.5
2014
2015
2016(f)
2017(f)
Ireland Euro Area
Graph shows year-on-year employment growth
Source: CSO, Eurostat: Forecasts: Ireland: BOI ERU,
Euro area: EU Commission
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