Over 200,000 housing units will need to be built in Ireland over the next three years, according to a new report from Davy. Its chief economist Conall MacCoille has estimated that based on the population growing by 240,000 over the past five years there is a “latent” demand for housing for which supply has not…

The Economic and Social Research Institute is forecasting double-digit growth in the economy this year. In its latest Quarterly Survey, the ESRI predicts the economy will grow by just over 11% mainly due to strong demand for exports. The ESRI believes the recovery in the economy is well under way and will pick up pace…

The Central Bank’s Financial Stability Review (FSR) is, as the title suggests, one of its big tome publications published twice a year, which goes into great detail on various threats to the financial system. Being Ireland, this normally boils down to a public discussion over rules on mortgage lending and what’s happening in the property…

The Dáil’s Public Accounts Committee (PAC) has called on Revenue to commission an independent investigation into the self-employment status of some couriers. In a report to be published this afternoon, and seen by RTÉ News, the committee also calls on Revenue to conduct a minimum of 4,000 site visits across all employment sectors from next…

Euro zone business growth accelerated at its fastest pace in 15 years this month as the easing of more lockdown measures and the unleashing of pent-up demand drove a boom in the bloc’s dominant services industry. When the coronavirus was spreading rapidly, governments imposed strict restrictions, encouraging citizens to stay home and forcing much of…

RTÉ is the most trusted news source for Irish consumers, according to the annual Reuters Digital News Report, with 78% of respondents saying they trusted the service. Overall, trust in news media increased over the past year and there was an increase in the number of people watching television news during the Covid-19 pandemic. The…

The number of people receiving the Pandemic Unemployment Payment has dropped below 250,000 for the first time this year, new figures from the Department of Social Protection show. 244,197 people are receiving the PUP this week, the lowest level since October 2020 and a decrease of over 23,000 over the last seven days. The drop…

Consumer confidence is at a two year high, according to the latest KBC Bank Ireland consumer sentiment index. While the monthly reading of 87.2 for June is only marginally higher than the May figure of 85.8, the increase was enough to push confidence to a 24 month high. The reading for this month pushes the…

The interest bill on the national debt will fall below €3.5 billion this year, despite an increase in the overall level of debt. This will be less than half the record interest of almost €8 billion paid in 2013. The General Government Debt stood at €219.5 billion at the end of 2020. The average interest…

A new pilot programme for employers to test the effectiveness of a four-day working week for staff with no loss of pay is being launched today. The six-month experiment is being organised by the Four Day Week Ireland campaign, which claims it can deliver positive results for business and work/life balance for employees. “In the…