Update on Current-Year Macroeconomic Projections

The Department of Finance has released an interim update of its macroeconomic projections: you can find it here.   While the upgrade to the real GDP forecast has been well publicised, this release also notes that the decline in the GDP deflator is sharper than expected –  but it does not provide a number for nominal GDP growth.

A more elaborate revision of its forecasts will be published in the Autumn.