News

The downturn in the euro zone economy has deepened as high inflation and fears of an intensifying energy crisis hit demand, adding to evidence the bloc is heading for a winter recession. A closely-watched survey showed euro zone October business activity contracted at the fastest pace since late 2020. German industrial orders also slumped more […]

The downturn in the euro zone economy has deepened as high inflation and fears of an intensifying energy crisis hit demand, adding to evidence the bloc is heading for a winter recession. A closely-watched survey showed euro zone October business activity contracted at the fastest pace since late 2020. German industrial orders also slumped more […]

Some economists and bankers are warning that the US economy and the global economy will enter recession by the middle of 2023. The Central Bank and employers body Ibec have also downgraded their growth outlooks for Ireland, but are still predicting economic growth next year. Simon McKeever, the CEO of the Irish Exporters Association, said […]

Taoiseach Micheál Martin will arrive at the COP27 Climate Conference in Sharm el-Sheikh, Egypt later this morning and will stay for two days to outline Ireland’s climate priorities. The priorities include a commitment to scale-up the country’s contribution to international climate finance as well as resolute support for progress to be made on compensation for […]

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency has warned. The IEA said the shortfall would occur if Russia stops pipeline deliveries completely and China steps up its imports of liquefied natural gas, which Europe […]

Some economists and bankers are warning that the US economy and the global economy will enter recession by the middle of 2023. The Central Bank and employers body Ibec have also downgraded their growth outlooks for Ireland, but are still predicting economic growth next year. Simon McKeever, the CEO of the Irish Exporters Association, said […]

The unemployment rate stood at 4.4% in October, unchanged for the third month in a row after the August and September figures were both revised up from 4.3%, the latest Central Statistics Office figures show today. The jobless rate has inched up since hitting a 21-year low of 4.2% in May and June. The CSO […]

Business group Ibec has downgraded its forecast for domestic demand due to rising costs and a weaker outlook for the global economy. In its latest Quarterly Economic Outlook, Ibec said domestic demand will grow by 3% in 2023, a downgrade from close to 4% in its previous set of forecasts in July 2022. The report […]

New research from Banking & Payments Federation Ireland reveals that 64% of consumers have carried out at least one significant energy efficiency home improvement as energy costs continue to jump. Today’s research, carried out by Amárach, shows that 42% of consumers are planning to do at least one energy efficiency home improvement in the next […]

Minister for Public Expenditure Michael McGrath said the Government is “avoiding making permanent expenditure commitments” on the back of receipts that may “prove to be temporary”. The Minister’s comments follow the release of the latest Exchequer figures yesterday which show more than €16 billion in corporate tax receipts were collected up to the end of […]