A swift rebound in consumer and business spending is in prospect for 2022 as almost all pandemic restrictions come to an end, according to Goodbody’s latest quarterly outlook. The Back in Business report predicts growth in domestic demand of about 5.8% this year. The forecast tallies with that of Minister for Finance Paschal Donohoe who…
Tag Archives: Ireland’s economy
Employers can start bringing staff back into the workplace from today onwards, following the announcement of the easing of Covid-19 restrictions on Friday. However, unions have urged businesses to exercise caution and consult with staff as the process begins. Announcing the changes on Friday, the Taoiseach said the return to physical attendance in workplaces should…
Danny McCoy, the chief executive of Ibec, has said the lifting of most Covid restrictions is a “positive development” and that a gradual return to the workplace can be done “that little bit faster”. Speaking on Morning Ireland, Danny McCoy said employers and employees would have to decide how best to proceed on returning to…
The volume of goods passing through Dublin Port last year only dropped marginally, despite the impact of Brexit on Irish Sea trade. Overall, 34.9 million tonnes went through the facility, down 5.2% on the previous year. Roll-on-Roll-Off, or Ro-Ro units dropped by 9.3%, equivalent to 99,000 trailers, according to the port. But Load-On-Load-Off containers rose…
New figures from the Central Statistics Office show rising inflation has resulted in increases across a range of products, including bread rising by 5.3% while crisps increased by 7%. Overall food and non-alcoholic drinks are up 1.6% on an annual basis, with increases too in energy and fuel costs. The CSO says the annual rate…
More than six out of ten workers here are considering a change of job this year, according to a survey conducted on behalf of business networking platform LinkedIn. The survey of 1,001 professionals here, conducted by Censuswide late last year, found that 63% are considering a move during 2022. The feeling was particularly pronounced among…
Economics is not all about numbers. In fact, in one of the most important areas of economics – central banks and monetary policy-language ranks alongside number crunching in importance. That’s because the power to create money and therefore to influence its value thrusts economics into the forefront of people’s lives. Retaining the confidence of people…
The Covid-19 Credit Guarantee Scheme for small and medium businesses has been extended the end of June, the Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said today. Low-cost loans will continue to be available to Irish SMEs through a wide range of lenders including three banks, six non-bank finance providers and 19…
The Irish balance sheets of large systemically important banks with international operations run from Ireland have grown by as much as €200bn since the UK voted to leave the EU six years ago, a new study has found. The transfers put Ireland in only second place behind Germany when it comes to the value of…
More than four out of every five builders across the country expect the prices they charge for projects will rise in the first three months of the year when compared to the same period last year, a new survey of the industry has revealed. 99% reported a year-on-year increase in the cost of raw materials,…