The Central Bank of Ireland recently released its latest assessment of the Irish and euro area economies in the Quarterly Bulletin for Q1 2023.
In Ireland, economic activity in the latter part of 2022 and early 2023 has been reported as somewhat stronger than what was expected at the time of the CBI's Quarterly Bulletin in October 2022.
The assessment shines a light on some of the major players in the Irish economy as of late, one of the more prominent developments in the global economy being that of the downward correction occurring in the Information Communication Technology services sector. A Signed Article, which accompanies the Bulletin, highlights the importance of the sector in Ireland in terms of employment, output, tax revenue, and its interconnectedness with the rest of the Irish economy.
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