Author: splash

The Irish economy, as measured by Gross Domestic Product (GDP), contracted by 2.8% in the first three months of the year, updated data from the Central Statistics Office has found. Last month, early data from the CSO suggested that GDP between January and March had fallen by 4.6%. That, coupled with a downward revision to […]

A new survey published today shows that despite the global economic challenges, Ireland’s growth forecast has emerged strongly. The latest Accenture/S&P Global Ireland Business Outlook survey show a sustained sense of optimism among Irish private sector companies, buoyed by expected improvements in export performance. The survey reveals that receding energy and raw material price pressures […]

The annual rate of inflation stood at 6.1% in June, down from 6.6% in the 12 months to the end of May, new figures from the Central Statistics Office show. However, the data also shows that consumer prices rose by 0.8% between May and June. Core inflation, which excludes energy and unprocessed foods, rose to […]

Ibec has warned that Ireland is currently losing out on business opportunities because of constraints in capacity in the economy, including around housing. The employers’ organisation claims the Government must focus on creating greater economic capacity in October’s budget, through both expanding infrastructure and boosting social investment. Launching Ibec’s pre-budget submission, Executive Director of Lobbying […]

Ireland’s greenhouse gas emissions decreased in 2022 compared with the previous year, according to a new report from the Environmental Protection Agency (EPA). Total emissions were 1.9% lower due to decreases in the residential, agricultural and energy sectors. However, emissions from the transport sector increased by 6%. The EPA’s latest assessment of annual greenhouse gas […]

A new report from the Economic and Social Research Institute (ESRI) has found that people living in disadvantaged areas experienced greater disruption to their employment during the Covid-19 pandemic. The study, entitled ‘Pandemic Unemployment and Social Disadvantage in Ireland’, was carried out in collaboration with Pobal. Pobal is an organisation that administers and manages Government […]

Asking prices for used cars are 79% higher than they were pre-pandemic, but the rate at which prices are rising is slowing. New figures from listings website DoneDeal show the annual rate of inflation slowed to 10.7% in the second quarter of this year. That is down from 26.6% the same time last year, and […]

Ibec has warned that Ireland is currently losing out on business opportunities because of constraints in capacity in the economy, including around housing. The employers’ organisation claims the Government must focus on creating greater economic capacity in October’s budget, through both expanding infrastructure and boosting social investment. Launching Ibec’s pre-budget submission, Executive Director of Lobbying […]

More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said today. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but also […]

New Central Bank figures show that just over 96% of all current accounts that were open in Ulster Bank and KBC Bank Ireland at the beginning of 2022 were either closed or inactive by the end of June this year. Ulster Bank and KBC Bank announced their intentions to leave the Irish market in 2021. […]