Category: economy

The economy could contract by over 7% this year and unemployment could soar to around 18% as a result of measures taken to slow the spread of the coronavirus, the Economic and Social Research Institute warned today. The ESRI said the Covid-19 pandemic is the greatest threat that the Irish economy has faced since the financial crisis.  […]

Stockbroker Davy has said the Irish economy could contract in 2020 as a result of the coronavirus pandemic. In a range of possible scenarios outlined in a paper on the economy, chief economist Conall MacCoille describes the impact as ‘highly uncertain’. He said the stockbroking firm was delaying revising downwards its forecast for growth in […]

The country’s services sector grew at the fastest pace in seven months in January, a new survey today showed. This was the second survey this week to suggest the euro zone’s fastest-growing economy made a strong start to the year.  A slowdown in manufacturing activity in Ireland threatened to spread to the services sector as […]

Irish economic growth for 2018 revised up to 8.2% The Irish economy grew 8.2% last year, according to new data released by the Central Statistics Office. Gross Domestic Product, a measure of the total output of an economy, stood at €324 billion for the year, the CSO said. But when the profits of multinationals were […]

Economy set for solid growth but EU warns of overheatingThe European Commission has predicted that the Irish economy will continue to grow at a solid pace but warned that the risk of overheating could increase in the near term. In its quarterly economic forecasts, the Commission said that the Irish economy – as measured by […]

Ireland remains competitive, but threats to economic sustainability on the rise Ireland continues to perform well in the three most influential competitiveness indicators, according to the latest Competitiveness Scorecard published by the National Competitiveness Council. The NCC said that Ireland is ranked 7th in the IMD rankings and ranked 23rd in both the WEF and […]

Euro zone economy accelerates in Q1 as Germany rebounds The euro zone economy accelerated quarter-on-quarter in the first three months of the year, the EU’s statistics office confirmed today. This was thanks to a rebound in the biggest economy Germany and the end of a technical recession in Italy. Eurostat said the economy of the […]

UK economy expands on Brexit stockpiling The UK economy grew by 0.5% in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed today. British gross domestic product expansion outpaced the 0.2% seen in the final three months of 2018, the Office for National Statistics said in a statement. The ONS added […]

Booming economy sees incomes soar to record levels Household income is at a record high and continuing to grow sharply, underpinned by jobs and investment, according to a new report. In contrast to the Celtic Tiger, when notional wealth was linked in many cases to debt-funded property assets, rising incomes are underpinned by what are […]