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kildon

10% Fall In House Building Leads To 1% Fall In Growth Rate Of Irish Economy

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Hi,

I read a paper by Bank of Ireland and I've seen and heard it in the news and radio where the commentator states that a 10% fall in house building leads to 1% fall in growth rate. How is this calculated?

Also that a 1% rise in exports is equivalent to a 9% fall in house building. Same as above, how is this calculated?

Thanks in advance for your feedback

K

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Hi,

I read a paper by Bank of Ireland and I've seen and heard it in the news and radio where the commentator states that a 10% fall in house building leads to 1% fall in growth rate. How is this calculated?

Also that a 1% rise in exports is equivalent to a 9% fall in house building. Same as above, how is this calculated?

Thanks in advance for your feedback

K

I can only assume house building accounts for 10% of the economy, so a 10% fall in that sector results in a 1% fall of the entire economy (or reduces the expansion, i.e. growth rate, by the same amount).

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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