Sunday 26 June, 2022
Marc Ó Cathasaigh of the Green Party outlines why he believes the future of growth measurement will be more than GDP.
Consumer spending, which was down 0.7%, was affected by rising prices, especially for energy.
The war is expected to “weigh” on trade and overall growth while fueling “strong” energy price inflation, the Central Bank said,
Forecasters expect price inflation pressures to moderate in 2022 and 2023.
A resurgence of the virus has weakened euro area growth forecasts.
The economy shrank by 6.1% between April and June.
The business lobbying group forecasts Irish unemployment to level off at 16% and GDP to contract by 11% for the year.
The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.
The economy is still growing, but it is slowing down as capacity constraints limit expansion.
Ibec states that the economy is set to grow by 4% this year.
Commute times, shift work and mobile phones all play a role.
The UK economy could shrink by 8%, Bank of England Governor Mark Carney has said.
Despite strong headline growth figures, living standards in Ireland are actually below Italy and just a little above Cyprus, writes economist Robert Sweeney.
The bigger picture is certainly bright; the challenge is to better use the fruits of economic growth to improve living standards, writes Victor Duggan.
Ireland is expected to grow by 5% this year, up from previous Davy estimates of 3.7%.
Big numbers, big claims – FactCheck is here to find out what’s what.
The massive 26% hike in GDP was decried by one financial journalist as a “work of Irish fiction”.
Multinational tax avoidance has been brought back on the agenda.
A rise in multinational companies locating assets here likely helped drive the huge growth.
The Department of Finance is predicting big growth, but only if everything goes as it wants it to.
Growth has been ‘exceptionally strong’ so far this year, but jobs and wages haven’t caught up.
Or for its economy at any rate. The union has outstripped growth in both the US and the UK for the start of 2015
Could a ‘Brexit’ be even worse news for us than it is for them?
One in four workers earn less than the living wage, new research has found.
We’ve left the rest of the Eurozone for dust over the last 12 months
How about we start from scratch?
How many pigs are in Ireland? How many people are paid minimum wage? So many questions…
The country’s still on target to meet its Budget forecasts.
The section that is being deleted allowed public service employers to take steps that would impact on non-core pay and working hours.
There’s more positive economic news out today.
Almost one in four now think that the economy is stagnating.
The bank is predicting a broader based recovery, with jobs outside Dublin on the cards.
The latest quarterly report from Goodbody Stockbrokers has some positive points on the Irish economy.
Germany and France both posted negative results, with pressure now on Mario Draghi to act.
Davy is also calling for a budget adjustment of €500 million.
They also revised upwards last year’s figures.
Plus: How many Irish students say they’re not having sex?
Illegal economic activity worth €1.25 billion also contributed to a revision of the GDP figures for last year.
