Investor Presentaiton
Favourable macroeconomic environment and outlook
Ireland is...
Bank of Ireland Group
Growing
Fastest growing economy in Europe
GDP increased by 6.7% year-on-year in Q2 2015
Growth of 6.2% forecast for the full year, 4.8% in 2016
Increasing activity supporting employment & incomes
Rebalancing
Domestic demand and net exports to contribute to growth
in 2015 & 2016
Year-on-year gains in exports, investment and consumer spending in Q2
Quarterly growth across all sectors in Q2
Attractive
Flexible, small open economy
Globalised and competitive - c.33% more productive per person
than euro area
Leading FDI hub with young educated workforce
Domestic economy strengthening
Sources: BOI Economic Research Unit, Central Statistics Office
GDP
2014: 5.2%
2015f: 6.2%
2016f: 4.8%
Level of real GDP
now back above
2007 peak
Ireland leading the way
%
8
7
6
5
4
3
2
1
0
2014
2015(f)
2016(f)
Ireland Euro Area
Graph shows annual real GDP growth
Source: CSO, Eurostat; Forecasts: Ireland: Bol ERU Euro
area: IMF
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