Opening Bell: ESRI's construction bubble warning, fresh market jitters, CSO plans rebrand

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The Economic and Social Research Institute (ESRI) expects the Irish economy to grow by 3.8% in 2017 and 3.6% in 2018.

It believes that this expansion will be driven by consumption, investment, and growth in the construction sector.

The ESRI expects unemployment to fall to 5.6% by the end of 2018.

The author of today's report, Kieran McQuinn has warned that Ireland's construction sector needs to be monitored as it grows: "The construction sector is set to assume a growing importance in the domestic economy over the medium term. While this reflects the fact that a significant degree of disinvestment occurred in the Irish economy post-2007, it is important to remember the disproportionate influence of the construction sector prior to 2007.

"Consequently, it is important to continuously compare the actual level of construction in the Irish economy with the underlying, long-run demand for such activity."


European and US indexes fell yesterday as investors grow increasingly nervous regarding US President Donald Trump's ability to push through policies designed to boost economic growth.

Both Dublin's ISEQ and the FTSE in London closed down 1%.

Markets have been on the rise since the Republican entered the White House - but there are concerns regarding his ability to get his health bill through congress. Failure to do so could disrupt his plans introduce the tax cuts which markets have been betting on.


Ireland's Central Stastic Office (CSO) is set for a major reband.

According to the Irish Independent, up to €60,000 will be spent redesigning the corporate identity of the State body, including a new logo and website.

It has issued a tender for proposals from marketing and PR firms interested in the project.


Bus Eireann union reps will meet today as an all-out strike looks set to go ahead next week.

Commuters face widespread disruption from Monday after bosses at the transport firm said there's 'no basis' for more talks.

The row centres on cost-cutting measures which will see routes cut and take home pay reduced.