EY Economic Advisory Services was formed in January 2018 following the acquisition of DKM Economic Consultants by EY Ireland. DKM, one of the leading economic consultancies in Ireland, was founded in 1981, had built up an unparalleled knowledge of and expertise in housing, construction and economic policy analysis over three and a half decades. The acquisition provided the opportunity to build truly unique solutions for clients across our service offerings. The combined service, EY Economic Advisory, provides a full suite of economic, financial and business services in the Irish market, helping both public and private sector clients understand the current and future environments they operate in, and enabling vitally important scenario planning and decision-making. Our expanded team consists of highly qualified economists from a range of universities, including PhDs from York University and Trinity College Dublin and our Chief Economist is a visiting professor of economic policy at Ulster University.
The economics team plays a critical role in EY’s commitment to building a better working world in Ireland and gives us the experience to contribute insights and solutions to some of the most challenging issues we face. EY Economic Advisory works alongside EY’s global community of more than 180 economic advisory professionals.
Our combined experience and in-depth knowledge of the Irish economy together with our strong technical capability in a range of areas allow us to help both public and private sector clients. Our team works closely with clients to determine what indicators are most relevant to their business. We also assist with business planning by forecasting the economic environment in which future business activity will take place.
Our services include:
- Cost benefit analysis and project appraisal in line with the Government’s Public Spending Code – the team has built upon decades of experience supplying business case expertise to project promoters, as well as to a range of companies and organisations across the Island of Ireland
- Economic Impact Assessments, which focus on a range of impacts on society, such as employment and tax revenues and as well as environmental impacts, generated by external measures, projects or by companies
- Evidence-based policy evaluation
- Economic development comprising economic profiling of regional analysis providing clients with a better understanding of investment opportunities
- Economic modelling, scenario planning and forecasting – the team has built up years of significant experience in scenario and risk planning using an All Island macroeconomic forecasting model
- Urban economics, socio-economic and regional development
- Market structure and competition analysis
- Regulatory and policy economics
The team works across a broad range of sectors for public and private companies/organisations, including the following:
- Real Estate, Construction and Housing
- Food and Agriculture
- Life Sciences
- Arts, Sports and Culture
EY Economic Advisory leads the economic division on the island of Ireland with a number of regular and thought leadership publications:
- Economic Eye
- Geoview Commercial and Residential Reports
- Limerick Economic Monitor
- Client Specific Sector Reports
- Ad-hoc opinion pieces such as the impact of COVID-19 on a number of sectors in Ireland, such as construction, tourism, arts and culture and food.
The firm’s clients include many of the largest companies in Ireland. In addition, it acts as economic consultants to many Government Departments, Local Authorities and State Agencies, and the EU Commission.
Its personnel have been members of and advisors to many State boards and councils, including the Industrial Development Authority, the National Competitiveness Council and Solas.
EY (and previously DKM) has been the Irish member of Euroconstruct since 1993 and has prepared the Euroconstruct bi-annual, comprehensive Irish Country Report which is included in the network’s international conferences and proceedings.
EY Economic Advisory has exceptional knowledge of Ireland’s housing, infrastructure and capital investment framework, having produced numerous construction studies over more than three decades.