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

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

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BMI View: We expect Ireland to be the eurozone's fastest growing economy for the second consecutive year in 2015. Recent data from the Central Statistics Office (CSO) showed that real GDP growth was 4.9% year-on-year (y-o-y) over the first three quarters of 2014, suggesting growth will meet our 3.5% forecast for the year. We think Ireland's economic recovery has reached escape velocity, expecting the country to continue benefitting from close trade links with the US and UK, which should partially insulate the country from ailing eurozone demand. Steady exports should then translate into a continued improvement in wages and unemployment. Alongside low inflation and recovering consumer confidence, these factors suggest Irish households will begin spending again in 2015, with private consumption set to play a bigger role driving growth.

Headline Industry Data...

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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...

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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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Ireland Telecommunications

BMI View:

BMI View:

BMI has downgraded its outlook for the Irish mobile sector as the market recovers from the consolidation of two of the country's large operators O2 and Hutchinson 3G . Incumbent eircom ramped up its plans to roll out a next-generation access network based in fibre in light of the 3 group's increased broadband capabilities and reach. It then committed itself to a costly fibre-to-the-home rollout after the European Commission approved the formation of a wireline broadband joint venture between Vodafone and the Electricity Service Board (ESB). Pay-TV operator Sky too has...

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