The European Central Bank is all but certain to dial back its stimulus one more notch today while pledging to keep supporting the financial system next year, sticking to its long-held view that alarmingly high inflation will abate on its own. With the euro zone’s economy now back to its pre-pandemic size, pressure is mounting…
Tag Archives: Ireland’s economy
Growth in the economy this year will be “robust” and “unprecedented”, according to the Economic and Social Research Institute. In its latest quarterly economic commentary, the ESRI predicts the economy will grow by almost 14% this year and 7% next year. Inflation, however, is expected to be higher peaking at 6% early next year. The…
The Government has opened the Humanitarian Support Scheme to small businesses, sports clubs and voluntary organisations that have been affected by flooding as a result of Storm Barra, and are unable to secure flood insurance. The scheme will also provide funding to a small number of business impacted by flooding in Fermoy in County Cork…
A new report on the credit union sector by the Central Bank reveals another challenging year as credit unions continued to navigate through the impacts of Covid-19 as well as other business challenges. The Central Bank’s eighth Financial Conditions of Credit Unions Report said credit unions participated in the recovery in credit demand as Covid…
Ministers are expected today to sign-off on a plan to assist households struggling with the rising cost of electricity bills. It is believed that a once-off €100 credit will be recommended by the Green Party leader and Minister for the Environment Eamon Ryan at a Cabinet meeting this morning. It is anticipated the measure will…
Private sector employees should seek pay increases of between 2.5% and 4.5% during 2022, guidance issued by the Private Sector Committee of ICTU and the Nevin Economic and Research Institute has recommended. The bodies say such claims are justified on the basis of the strong and rapid economic growth expected next year, with personal consumption…
A new report shows the percentage of women on the boards of ISEQ 20 companies this year rose to 31% from 18%. This means that the top publicly listed companies in Ireland are well on track to achieve the 33% goal by the end of 2023. The fourth report of the Balance for Better Business…
Christmas parties have been cancelled but employers who can afford to are still marking the festive season by giving employees a Christmas bonus. The practice of paying bonuses as a reward to staff for their contribution to the success of the business during the previous year, is a tradition that is very much welcomed by…
Davy has revised upwards its forecast for Irish GDP growth to 15.5% in 2021 and 6.7% in 2022 due to a buoyant multinational sector and a strong rebound in domestic activity. The stockbrokers had previously predicted growth of 10% for this year and 5.6% for 2022. It said the revision mainly reflects the “exceptional performance”…
An Environmental Protection Agency study has found 96% of people believe climate change is real, while 90% believe the country has a responsibility to act on climate change. The survey, entitled Climate Change in the Irish Mind, asked 4,000 people about their attitudes and beliefs around climate change and their opinions on government policy. It…