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Ireland to avoid recession in 2023 report predicts

Ireland will avoid recession this year, due to record household savings and the capacity for the Government to provide support with what a report describes as “the best budget position in the euro area”. Stockbroker Goodbody’s chief economist Dermot O’Leary forecasts that modified domestic demand, which is a measure of the economy that strips out […]

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Wealthier households more likely to receive inheritances – Central Bank

Research published by the Central Bank today reveals that over one third of households in Ireland have received an inheritance. The accumulated value of these inheritances is estimated to be worth €97 billion. The findings are published in an Economic Letter from the Central Bank and are based on data from the CSO’s Household Finance […]

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Wealthier households more likely to receive inheritances – Central Bank

Research published by the Central Bank today reveals that over one third of households in Ireland have received an inheritance. The accumulated value of these inheritances is estimated to be worth €97 billion. The findings are published in an Economic Letter from the Central Bank and are based on data from the CSO’s Household Finance […]

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Taoiseach meets big tech at Davos

The Taoiseach is attending the World Economic Forum in Davos where he is meeting political leaders and the chief executives of US multinationals. In the Swiss mountain resort, Leo Varadkar has met Intel CEO Pat Gelsinger and Meta’s Nick Clegg, companies with a strong presence in Ireland. The Taoiseach’s visit to Davos in the past […]

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Jobs market ‘cooling’ amid fall in vacancies

Job vacancies were down by 11% in the fourth quarter of 2022 compared to the previous year, according to a new study. The latest IrishJobs.ie Jobs Index also reveals a 13% fall in vacancies on a quarterly basis. The report describes the jobs market as “cooling” but finds that the volume of vacancies is still […]

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Property price growth slows as Dublin prices fall

Residential property price inflation slowed further in November to a rate of 8.6%, down from 9.7% in October, according to the latest figures from the Central Statistics Office. Prices in Dublin rose by 7% on an annual basis, and fell marginally by 0.2% between October and November, while properties outside Dublin rose by 9.8%. This […]

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Euro zone inflation eases to 9.2% as expected

Euro zone consumer inflation decelerated as expected in December, the European Union’s statistics office Eurostat confirmed today, thanks to a continued fall in energy prices that had earlier lifted it to record highs. Eurostat said prices in the 20 countries sharing the euro fell 0.4% month-on-month for a 9.2% year-on-year rise. The annual reading is […]

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‘Whole range of measures’ as part of EV charging plan – Ryan

Minister for Transport Eamon Ryan has said “a whole range of measures” will be rolled out as part of the national strategy for electric vehicle charging infrastructure being launched today. Under the plan, €100m will be invested in a range of public charging infrastructure over the next three years. The target in the now legally […]

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Annual rate of inflation slows to 8.2% in December – CSO

The annual rate of inflation last month continued to moderate, according to the latest figures from the Central Statistics Office. The Consumer Price Index eased to 8.2% in December, down from 8.9% in November. The annual average rate for 2022 was 7.8%, the highest annual rate since 1984. Inflation fell slightly in December for the […]

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Over half of professionals here considering moving jobs

Despite economic uncertainty and the global hiring slowing down, 59% of Irish professionals are considering changing jobs in 2023 according to new research from LinkedIn. The data also shows a hiring slowdown in Ireland, down by 12.7% compared to last year. Demand for higher wages remains the biggest motivator for those looking for new opportunities […]

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