News

The euro zone economy will keep growing in the coming years and is unlikely to experience a deep or sustained recession, European Central Bank chief economist Philip Lane said today. The economy of the 20-nation bloc sharing the euro has broadly stagnated for the past three quarters as manufacturing is deep in recession. Economists see […]

A new survey shows that six in ten people are unaware they can get tax relief on the cost of special foods if they have to restrict their diet as a result of a medical condition, such as Coeliac disease or diabetes. The latest Taxback Taxpayer Sentiment Survey examined awareness of the relief which allows […]

Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed today. Today’s figures will ease pressure on the European Central Bank to keep raising rates after its fastest rate-hike cycle on record. The ECB has lifted rates from deep in negative territory to two-decade-highs in just a year […]

An estimated 11,500 additional tourism beds will be required here in the next decade if Ireland is to meet projected demand, a new report on the sector has concluded. The report was carried out by economist Jim Power on behalf of the Irish Tourism Industry Confederation. It partly bases its projections on estimates for growth […]

New research has found that many Irish financial services firms are not aware of a European Union system that is designed to help companies, investors and policymakers to figure out which economic activities are sustainable for the environment. The EU’s Taxonomy Regulation aims to assist those involved in business to make educated choices about product […]

Small and medium sized companies here are struggling to find adequately skilled individuals to fill a variety of roles, a Chambers Ireland Skills Gap survey has found. Nine in ten respondents said they were facing significant challenges in recruiting employees with the right skills and qualifications. Chambers Ireland conducted the survey to coincide with the […]

The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed today. Industrial production in the 20 nations sharing the euro expanded by 0.5% on the month, beating expectations for a 0.2% rise. Gross domestic product was […]

Greenhouse gas emissions in the European Union fell by nearly 3% in the first quarter of 2023, even as the bloc’s economy grew slightly, statistics agency Eurostat said today. The EU’s emissions over the January to March quarter amounted to 941 million metric tonnes of CO2 equivalents, down 2.9% from a year earlier, while the […]

Residential property prices recorded their first monthly increase this year in June, growing by 0.6% compared to May, new figures from the Central Statistics Office show. But annual residential property price inflation slowed again to 2.2% in June from 2.6% in May, the CSO added. Property prices in Dublin were 0.9% lower on an annual […]

The stock of second-hand homes available on the market has reached a historic low, according to estate agents Sherry FitzGerald. Its analysis shows that there were 13,750 homes – excluding new builds – listed for sale in July, representing just 0.7% of the entire private housing stock in the country. Sherry FitzGerald says it amounts […]