Key points of note in the Central Bank’s first Quarterly Bulletin for 2024 include:

  • Falling inflation and a recovery in real incomes, combined with a robust labour market and ongoing fiscal supports suggest conditions in 2024 should support consumption growth.
  • Modified domestic demand is forecast to grow by 2 per cent from 20024 to 2026 per annum.
  • The labour force increased by 3.5 per cent annually in Q4 2023 with recent growth continuing to be driven by inward migration.

Quarterly Bulletin 2024:1 can be read here