Ireland

In-depth country-focused analysis on Ireland's economic, political and operational risk environment, complemented by detailed sector insight

Ireland

Our comprehensive assessment of Ireland's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Ireland, as well as the latest industry developments that could impact Ireland's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Ireland before your competitors.

Country Risk

Ireland Country Risk

BMI View:

Core Views

  • Ireland's economy will remain the fastest growing in the eurozone in 2015.

  • Domestic demand will become the main growth driver in the country, supported by falling unemployment, rising wages, and the collapse in global oil prices.

  • The government has made significant progress narrowing the country's budget deficit, suggesting the worst of austerity measures are now in the past.

  • Although the increasingly fragmented Irish political system is clouding the outlook for the 2016 election, recent developments suggest limited chance of a potentially destabilising 'grand coalition' being formed or Sinn Fein playing a role in the next coalition government.

  • The ruling Fine Gael/Labour coalition's hopes of remaining in power will rest...

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Ireland Industry Coverage (5)

Food & Drink

Ireland Food & Drink

BMI View:

BMI View: We have long been bullish on the Irish growth story. This view played out in 2014, with recent data from the Central Statistics Office showing real GDP growth came in at 5.0% for the year. This confirmed our view that Ireland would be the fastest growing eurozone economy in 2014. This trend is set to continue in 2015, with the country's recovery built on solid foundations. Domestic demand will undoubtedly play an increasingly significant role driving growth over the coming quarters with Irish households spending again in 2015, and private consumption set to play a bigger role driving growth. As growth starts to filter down, we expect robust food consumption growth in 2015 and over our forecast period...

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Insurance

Ireland Insurance

Medical Devices

Ireland Medical Devices

BMI View:

BMI Industry View : Ireland represents a small, but advanced medical device market, which was valued at an estimated EUR 603.9mn (USD797.2mn) in 2013. In US dollar terms, the market contracted between 2008 and 2013, but returned to growth in 2013 and is forecast to grow at a CAGR of 2.2% in US dollars, to reach USD888.3mn in 2018. Ireland has a strong medical device manufacturing sector, and is an...

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Pharmaceuticals & Healthcare

Ireland Pharmaceuticals & Healthcare

BMI View:

BMI View: Merger and acquisition activity targeting Irish pharmaceutical companies will remain strong due to long-term fundamentals, including promising drug pipelines, investment and innovation incentives and higher productivity by existing levels of industry agglomeration. The increased international regulatory scrutiny of corporate tax regimes poses downside risks to certain corporate inversion deals, although this should not affect substantially the broader Irish pharmaceutical sector's attractiveness and fundamentals. Meanwhile, Ireland's robust economic recovery and rising private consumption will continue to pose upside risk to pharmaceutical and healthcare sector growth forecasts...

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Telecommunications

Ireland Telecommunications

BMI View:

BMI View: Consolidation has affected the Irish mobile market, as the acquisition of O2 by 3 has created a new market leader on equal footing with Vodafone. Meteor, owned by eircom, lags behind, but it benefits from its position in the fixed market to be the first Irish operator offering quad-play services. Bundling is a core strategy in saturated markets as it lowers churn, and enables operators to eventually upsell new services to their customer base. eircom's investments into VDSL and FTTx also had an impact into the broadband market, with UPC improving its own speeds to compete, while alternative operators have had...

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