The National Competitiveness Council (NCC) has warned that the rising cost of public liability insurance is adversely impacting competitiveness. The body also warns that legal services around the enforcement of commercial contracts in Ireland are both expensive and slow. The findings are contained in the NCC’s latest Competitiveness Challenges report, which focuses on six key […]
Category: Syndicated
The US Federal Reserve has held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely. Moderate economic growth and low unemployment are expected to continue through next year’s presidential election, it said. The decision by the Fed’s rate-setting committee left the benchmark overnight lending rate in its current target range between […]
The ESRI has warned that any reduction in windfall levels of corporation tax will have a significant impact on the public finances, which could require the Government to implement austerity policies. Because of this danger, it advises that the windfall portion of the corporation tax take should be set aside to counter any shocks to the […]
New figures from the Central Statistics Office show that Ireland exported a total €141 billion of goods in 2018 and imported €92 billion worth of goods. The country exported over €39 billion of goods to the US in 2018 – its largest export market. It also imported €17 billion from the US last year. The […]
US disruption of the global economic order has reached a major milestone as the World Trade Organization (WTO) loses its ability to intervene in trade wars. This threatens the future of the Geneva-based body. Two years after starting to block appointments, the US will finally paralyse the WTO’s Appellate Body, which acts as the supreme court […]
A study from the Central Bank has found that 34,000 new dwellings will be needed each year for the next decade to keep up with demand. The demand for housing comes from a natural increase in the population and more people coming to live in the country. At the peak of the boom in […]
Activity in the construction sector declined for the third month in a row, the latest Purchasing Managers’ Index from Ulster Bank shows. Ulster Bank’s Construction PMI showed a reading of 48.2 in November, up from 46.2 in October. Any figure under 50 signals contraction in the industry. The November slowdown included a decline in activity […]
The number of new private cars licensed for the first time rose by 1.8% in November, new figures from the Central Statistics Office show. The CSO said that a total of 1,676 new private cars were licensed for the first time, up from 1,647 the same month last year. Meanwhile, a total of 9,874 used […]
The National Treasury Management Agency said it plans to borrow between €10 billion and €14 billion in 2020, down from a target range of €14-18 billion last year. The NTMA said a pre-funding strategy had given it a projected cash balance in excess of €15 billion. It said this gives it “significant flexibility” entering 2020 […]
The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed today. Gross domestic product (GDP) in the euro zone was up 0.2% in the three months from July to September. This was the […]
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Recent News
Fed cuts rates but sees slower pace of further reductions December 19, 2024
Residential property prices up 9.7% in October – CSO December 19, 2024
Spending by BOI customers up 6.8% on Black Friday December 19, 2024
Holyhead Port to stay closed until 15 January ‘at the earliest’ December 18, 2024
Planning permissions down 10.9% in third quarter – CSO December 18, 2024
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Park House,
Main Street,
Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
Fax: +353 (0)91 842663
Email: michael@michaelfdolan.ie
Web: www.michaelfdolan.ie
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