Eoin Burke-Kennedy

Eoin Burke-Kennedy

Eoin Burke-Kennedy is Economics Correspondent with The Irish Times

Brian Mulroney served as Canadian prime minister from 1984 to 1993 and was one of the principal architects of the North American Free Trade Agreement (Nafta).
‘Siren call of nativism’ won’t reverse globalisation, says former Canadian PM

Brian Mulroney blames Ceta trade deal debacle on Brexit

The CSO report detected a large disparity in productivity levels between large multinationals and smaller entities in the sector. File photograph: Getty
State’s 90,000 IT workers best paid, most educated and productive

CSO report provides profile of Republic’s muscular information technology sector

In 2005, 51 per cent of first-time buyer mortgages and 28 per cent of mover purchase mortgages had incomes up to €60,000, the Banking and Payments Federation Ireland finds. Photograph: Sam Boal/Photocall
First-time buyers need incomes of almost €80,000, banking body says

New report highlights steep income metrics required to purchase a home in Republic

Matthias Heinzel, Merck executive board member and CEO Life Science (left) with An Taoiseach, Micheál Martin and Martin McAuliffe, head of the Cork operations, at the company’s announcement of a €440 million investment in the group’s Irish business.Photograph: Michael O’Sullivan /OSM PHOTO
Merck announces €440m investment in Cork, creating 370 new jobs

German life sciences group plans to expand membrane and filtration manufacturing capabilities

Apartments under construction in Palmerstown, Dublin. The Government has already announced it will pay up to 70% of builders’ inflation-related construction costs in a bid to protect vital public works. Photograph: Alan Betson
Construction firms unwilling to take on fixed-price contracts as inflation surges

Survey finds significant pick-up in costs across sector, compounded by Ukraine conflict

“Candidate supply” has not kept pace with the rapid increase in demand
Jobs vacancies up 57% on pre-pandemic levels, according to recruitment website

Recruitment firm says candidate supply has not kept pace with rapid increase in demand

Staff and skills shortages are regarded as more pressing issues than Covid or Brexit, according to the findings of a new survey. Photograph: Giuseppe Aresu/Bloomberg News
Resilience of Irish firms in face of higher costs highlighted in new study

InterTradeIreland’s latest quarterly monitor finds sharp rise in concern about costs

The higher rate of tax in the Republic applies to all gross taxable income above €36,800. Photograph: Franck Prevel/AP
Who pays more income tax, workers in Republic or in North?

Long-held assumption is it’s better to work in North and receive benefits in Republic

Some 39 per cent of firms said they increased prices to recoup the cost of higher input prices. Photograph: Franck Prevel/ AP
SME optimism drops in face of Ukraine war and higher inflation

Latest sentiment survey from Linked Finance points to big fall in confidence

The S&P 500 and the Dow extended losses on Thursday. Photograph: Michael M Santiago/Getty Images
European shares lower as retailers, food and beverage stocks lead falls

Nestlé, Diageo, Unilever slip between 2.7% and 4.5%

The median net wealth of households that own their own home was €303,900 while for renters it was considerably less, at €5,300. Photograph: iStock
Wealthiest 10% of Irish households have net wealth in excess of €788,000

Net wealth of least wealthy 10% is less than €600, according to Central Statistics Office

Higher oil and gas prices have had knock-on effects resulting in higher transport costs, including freight transport. Photograph: Nick Ansell/PA Wire
Competitiveness council warns of possible wage-price spiral

High inflation could force the closure of otherwise viable businesses, NCPC says

Economist Jim Power: ‘The real losers are tenants at the lower end of the market.’ Photograph: Eric Luke
Report claims rent controls have backfired and worsened crisis

Study claims rent pressure zones have added to rent pressures

Natural gas responsible for more than half State’s electricity in April

Figures from Gas Networks Ireland reflect country’s ongoing reliance on fossil fuel energy

Those on tracker mortgages or variable rates could see ‘an almost instant increase’ in their monthly repayments, said Daragh Cassidy of Bonkers.ie. Photograph: Peter Byrne/PA Wire
Homeowners could pay €400 extra a month if interest rates ‘normalised’

Head of Bonkers.ie warns of potential impact if ECB raises rates amid soaring inflation

Productivity in the North is much lower than in the Republic and has also fallen relative to other regions in the UK in recent years. Photograph: iStock
Productivity gap between North and South to be examined

Shared Island unit set up to examine potential for greater alignment North and South

Dublin has been found by CIA Landlord to be the seventh most expensive or least financial viable city of 56 major cities worldwide. Photograph: Dara Mac Donaill
Dublin among ‘least financially viable’ cities to live in, survey finds

Report pinpoints expensive rents as chief reason for high cost of living in Irish capital

Most of the current development in Dublin is being financed by international funds chasing returns in the build-to-rent sector. Photograph: Simon Dawson/Bloomberg
Covid-induced surge in Irish house prices has reached tipping point

Get ready for a drop in prices as interest rates rise and housebuilding finally takes off

The main drivers of inflation are energy and fuel
Inflation hits 7% in April as Ireland’s cost of living soars

Households warned to brace for sharpest squeeze since early 1980s

According to Daft, the average monthly rent nationally stood at €1,567 in the first quarter of 2022
Just 851 homes available to rent nationally as price inflation hits five-year high

Severe shortage of available properties puts upward pressure on rents

Food inflation is expected to intensify in the coming months as the second-round effects of higher energy costs push up prices in other sectors of the economy. Photograph: James Forde
Fertiliser prices 149% higher in March than a year earlier

Agriculture sector also absorbing higher costs for feed and energy

Uniphar CEO Ger Rabbette. The company’s strong performance in recent years has been driven by acquisition. Photograph: Dara Mac Dónaill
Uniphar trading in line with expectations and maintains guidance

Healthcare group accounts for over a fifth of the retail pharmacy market in the Republic

Total revenues across the group’s ferries division amounted to €98 million, up 165 per cent on the prior year. Photograph: Niall Carson/PA Wire
Irish Ferries forced to raise fares in wake of increasing costs

ICG reports 80% rise in revenue to €161m for first four months of 2022

Botswana Diamonds chairman John Teeling
Botswana Diamonds sees deal to buy Ghaghoo mine lapse

Explorer is still working on getting a joint venture partner

The OECD said composite leading indicators continue to point to growth losing momentum in Europe. Photograph: Getty Images
OECD warns of slowdown in Europe over inflation and Ukraine war

Agency says outlook shaped by high inflation and declining expectations in manufacturing

Ireland ranked in the bottom half of European countries when it came to the tax and regulatory environment and for technology and infrastructure. Photograph: Bryan O’Brien
Ireland ranks 14th in Europe as pro-business jurisdiction

State scores well in terms of macroeconomics but poorly on tax and infrastructure

The New York Stock Exchange. US stocks slid on Monday as higher US Treasury yields hit growth stocks amid prospects of aggressive monetary policy tightening, with investor sentiment taking a hit from fears of a sharp economic slowdown in China
European stocks hit two-month lows as travel and tech fall

Investors remain uneasy as they await US inflation data due later in week

A further 3,900 people came off State job supports last month, a reflection of the State’s tightening labour market. Photograph: Getty Images
Live Register total falls again as labour market continues to tighten

CSO figures suggest there were 177,100 people in receipts of benefits in April

Legal & General Investment Management’s latest ‘active ownership’ report indicated that climate change was the top engagement topic with companies in 2021. Photograph: Alessia Pierdomenico/Reuters
Legal & General divests from four corporates, including AIG, over climate issues

Investment arm of insurance giant publishes latest ‘active ownership’ report

Two local authorities did not build any social homes last year, expert says

Low level of direct builds explains lengthy waiting lists, Lorcan Sirr argues

The New York Stock Exchange. Wall Street’s main indexes rose on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks. Photograph: Spencer Platt/Getty Images
Strong earnings spur rally across European stocks

Pan-European Stoxx 600 index closes up 0.6% but was below session highs

Lorcan Sirr, a lecturer in housing studies at Technological University Dublin, argues that local authorities were sitting on large tracts of public land ripe for development. Photograph: Tom Honan
Two local authorities did not build any social homes last year, expert says

Low level of direct builds explains lengthy waiting lists, Lorcan Sirr argues

Retail sales rose in March despite the cost-of-living squeeze as consumers spent more on pharmaceuticals and cosmetics and in department stores.
Retail sales rise despite cost-of-living squeeze

CSO figures show consumers spent more on cosmetics and in department stores in March

The number of new homes built in the first quarter of 2022 was the highest in over a decade, with the biggest increase coming in the apartments sector. Photograph: Alan Betson
Housing output jumps to highest level in over a decade

CSO figures show new dwelling completions rose to 5,669 in the first quarter of 2022

Carbery produced over 63,000 tonnes of cheese last year, including 10,000 tonnes of mozzarella
Carbery dairy group enjoys big jump in revenue and profit while warning on costs

Cork-based dairy group benefitted from higher dairy prices internationally

Prof Patrick Honohan said a number of factors were driving house prices here
Honohan criticises government housing policy as ‘reactive’ and inflationary

Former Central Bank governor says help-to-buy scheme was poorly designed

In its report, Davy said it expected property price inflation – currently at 15.3 per cent – to slow from double-digit levels and to average about 7 per cent this year. Photograph: Sasko Lazarov/RollingNews.ie
Upbeat Davy says Irish economy expected to grow by 8.2% this year

Brokerage says upward revision reflects ‘erratic’ drop in output at end of last year

Central Bank deputy governor Sharon Donnery. Photograph: Nick Bradshaw
Mortgage measures were not designed to limit house prices, says Donnery

Central Bank deputy governor insists measures have reduced risk of another bubble

The State is being touted as a possible location for a new EU-wide regulator for money laundering and terrorist financing controls, which would bring with it up to 600 high-paying jobs.
Republic touted as possible location for new EU money laundering regulator

Agency is expected to create 600 high-paying finance and regulatory jobs

Sean Mulryan’s Ballymore property group has secured €112 million in funding from AIB under the bank’s new green lending programme. Photograph: Alan Betson/The Irish Times
Ballymore secures €112m in funding under AIB’s new green development facility

Property group says money will fund current and future building projects, including social housing

London-based real-estate group Round Hill Capital and its partner QuadReal are to invest a further €200 million in Ireland’s build-to-rent sector
Round Hill and QuadReal to invest further €200m in build-to-rent sector

Partnership specialises in forward funding development of rental assets

Vitalograph says its clinical trial solutions have doubled in the past two years
Respiratory devices firm Vitalograph to create 200 more Irish jobs

UK firm is investing €10m to expand its operations in Limerick and Clare

Medical packaging group Amcor to create 75 jobs with Sligo investment

Company is investment in a new thermoforming packaging capability

Jervis Steet shopping centre. Ibec has slashed its growth forecasts for the Irish economy on the back of Russia’s invasion of Ukraine and on the ongoing energy price shock. Photograph: Bryan O’Brien
Ibec slashes growth forecasts for Irish economy in face of Ukraine crisis

Business and consumer sentiment falls again

Minister of State for Land Use and Biodiversity Pippa Hackett with Joe Manning (left), commercial director of Tesco Ireland, and Billy Costello, director, Green Generation. Photograph: Naoise Culhane
Tesco Ireland unveils new flower pot made of recycled plastic packaging

Heavyweight planters created in partnership with manufacturing firm Paltech

Russian president Vladimir Putin claims the West has scored an own goal with sanctions. Photograph: Mikhail Klimentyev/Sputnik via AP
Self-serving sanctions on Russia are little more than virtue signalling

Rouble rebound shows energy-avoiding sanctions have had limited impact

EY’s ‘state of sustainability’ report suggests that four out of five firms in Ireland had ‘low confidence’ in meeting carbon neutral targets in 2030
Up to 80% of Irish firms do not believe they will meet 2030 climate targets

EY findings come as many countries drift back towards fossil fuels due to energy crisis

CSO figures show that spending on Covid-19 measures amounted to about €2.4 billion in the past three months of 2021
Covid pushes national debt up to €236bn

CSO figures show Ireland still has one of the highest per capita debt levels in the world

Research finds 15 per cent of Irish-based SMEs are expecting to lay off staff when the employment wage subsidy scheme comes to an end
Consumer sentiment falls to 18-month low as cost-of-living concerns intensify

Majority of Irish consumers now fear economy will be weaker in 12 months’ time

A total of 5,142 new social homes were delivered in 2021, figures obtained from the Department of Housing. Photograph: Alan Betson
Private sector developers delivered 80% of social housing units last year

Figures from Department of Housing highlight State’s reliance on private developers

Traders work on the floor of the New York Stock Exchange. US stocks rose on Tuesday even in the face of surging Treasury yields as a positive earnings reports helped investors shrug off potential risks from an aggressive rise in US interest rates and the Ukraine war.
European equities fall on gloomier global growth projections

Real estate and media stocks were biggest drag on various gauges

The International Monetary Fund has slashed its forecast for global growth this year on the back of Russia’s war in Ukraine while warning that heightened levels of inflation now posed a significant risk to low-income households in many countries.
IMF slashes global growth forecasts while warning on inflation

Washington-based fund downgrades outlook in response to Russia’s invasion of Ukraine

Tánaiste Leo Varadkar said the Government was providing a special payment of up to €2,268 tax-free to bridge the gap in their redundancy entitlements. Photograph: Dara Mac Dónaill
Special redundancy payment of up to €2,268 for those laid off due to Covid

New scheme is now open for applications, Tánaiste Leo Varadkar says

Corporation tax has exceeded forecasts by an average of €1.2bn a year since 2014, but most of it has been used to plug holes in the health budget where overruns have averaged €800m a year. Photograph: AFP via Getty Images
Has Ireland wasted what may prove to be a temporary corporate tax boom?

Warnings about corporation tax now falling on deaf ears as receipts roll in

Demand continues to outstrip supply in the property market. Photographer: Chris Ratcliffe/Bloomberg
House price inflation jumps to 7-year high of 15.3%

Price growth in State’s property market has risen continually since start of pandemic

Petrel chairman John Teeling acquired 21 million shares at a price of .935p per share, bringing his ownership of the existing share capital to almost 17 per cent.
Petrel announces lifting of injunction over disputed shares

Chairman and chief financial officer acquire 32 million Tamraz shares in explorer group

Majority of Irish consumers put off big spend in reaction to Ukraine crisis

Deloitte survey also suggests 86% of consumers are concerned about inflation

Framespace, which already employs 100 staff, says it plans to double output over the next three years
Construction firm Framespace to create 150 new jobs in Longford

Company manufactures metal housing systems for the rapid-build construction sector

More than four million medical devices are exported from the Galway facility every year. Photograph: Joe O’Shaughnessy.
Boston Scientific to create 300 jobs with €100m investment in Galway plant

US medtech giant plans to add 40,000 square feet of manufacturing space at Ballybrit campus

The survey found the removal of the majority of the Covid-19 restrictions helped to encourage companies to expand their staffing levels, with the pace of growth quickening to its fastest level since 2018. Photograph: Paulo Nunes dos Santos/The New York Times
Employment in Dublin grows at fastest rate in four years – PMI

S&P Global survey points to big pick-up in activity

Pictured at the announcement of Dairygold’s 2021 annual results are John O’Gorman, chairman, Conor Galvin, chief executive and Michael Harte, chief financial officer. Photograph: Fennell Photography
Dairygold revenue jumps to €1.17bn despite increased costs

Cork-based co-op warns input price inflation will hit profitability

Lakeland Dairies chief executive Michael Hanley: “Food price inflation is getting worse on a monthly basis and will continue to increase into the third quarter.” Photograph: Eric Luke
Lakeland Dairies warns of significantly higher food prices in coming months

Dairy co-op sees revenue jump 20% to €1.3bn on back of surging dairy prices

RWE’s planned Irish spend is part of wider €50 billion investment to expand its green generation capacity to 50 gigawatts by 2030. Photograph: Alex Kraus/Bloomberg
RWE plans €1.5bn spend on Irish renewable projects

Company to undertake long-term investments in wind and battery storage projects

President and chief executive at MarketStar, Keith Titus, with Tánaiste Leo Varadkar and Catherine Slowey, IDA Ireland
US firm MarketStar to create 300 new jobs in Dublin

Company secures new building in Leopardstown for new EMEA headquarters

The Nasdaq led Wall Street’s main indices higher after data showed consumer prices rose largely in line with estimates, taking pressure off high-growth stocks. Photograph: Justin Lane/EPA
European stocks fall as healthcare and banking sectors suffer losses

Deutsche Bank slumps after stake sale

Irish farmland prices are set to increase by 6% this year. Photograph: Getty Images
Farmland prices set to rise by 6% but inflation could squeeze incomes

Report warns about rising input prices and the likely impact on incomes

The ESRI found that ‘numerous above-cap rent increases’ had occurred
More than a third of landlords applied rent hikes over the level allowed

Rent in pressure zones would be higher by average of 2% without controls, study finds

Siptu said it would seek pay hikes to match the rising costs of living and would attempt to renegotiate existing pay deals that fall short of inflation
Siptu to seek pay rises for private-sector workers to offset inflation surge

Move by union comes in wake of Central Bank warning about wage-price spiral

In 2021, a combination of factors saw an increase in electricity generation from Moneypoint, resulting in more than a million tonnes of coal being burned over the year, the ESB said
Coal-burning Moneypoint might be key to Ireland’s energy future

ESB dinosaur built in the 1970s will soon become the State’s premier renewable hub

Separate CSO figures this week put the seasonally adjusted unemployment rate for March at 5.5 per cent or 146,400
More than 35,000 people came off income supports in February

About 17,000 people were added to the Live Register in March as PUP scheme ended

Neasa Hourigan, who is chair of the Oireachtas Committee on Budgetary Oversight.
Dáil budgetary committee seeks more targeted measures to combat inflation

Oireachtas committee says any actions taken should focus on lower income, rural and older households

Flogas has become the latest energy provider to raise its prices in the face of soaring oil and gas prices internationally.
Flogas announces price hikes for gas and electricity customers

Energy provider says electricity and gas prices will rise by 27% and 29%

David McCourt (left) and Peter Hendrick, chief executive of National Broadband Ireland.
National Broadband Ireland pledges to provide coverage to 102,000 homes by 2023

Controversial broadband project has been beset by delays

EU sanctions include a prohibition on the supply of aircraft and aircraft components to Russian entities or for use in Russia. Photograph: Getty Images
Ten Avolon aircraft still grounded in Russia after lease terminations

Lessor says stranded planes represent less than 1% of its portfolio

The CSO figures show the cost of motoring has also risen sharply, with petrol and diesel prices up 35 per cent and 46 per cent respectively. Photograph: iStock
Inflation jumps to 22-year high of 6.7% in March

Soaring energy prices expected to push level of price growth higher in coming months

The Department of Finance cautioned that the early months of 2021 were distorted by a number of factors, ‘flattering the year-on-year comparison’. Photograph: iStock
Minister for Finance says Ukraine crisis will have significant impact on public finances

Donohoe warns worsening economic outlook likely to result in budget deficit this year

The current energy crisis has the potential to career us into renewables at a faster rate. Photograph: Nick Ansell/PA Wire
Will Europe’s energy crisis slow down switch to renewables or accelerate it?

Governments now talking about ramping up fossil fuel infrastructure alongside renewables

House price inflation will moderate later this year as increased supply and a probable interest rate hike cool the market, Sherry FitzGerald has said. Photograph: Cyril Byrne
Increased supply and interest rate hike to cool property market

Sherry FitzGerald predicts house price inflation will moderate in second half of 2022

Russian President Vladimir Putin wants payment in roubles for gas sales. Photograph: MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images
Putin’s gas-for-roubles plan could trigger energy outages and rationing

Moscow is expected to outline its roubles payment plan later today as stand-off continues

Electric Ireland, the retail arm of State utilities provider ESB, blamed the price hike on rising wholesale prices internationally.
Electric Ireland prices to rise 23-25% from May

Energy supplier is latest to announce major price increases for electricity and gas

Emergency services conduct search and rescue operations on the regional state administration building in Mykolaiv, Ukraine, on Wednesday. Photograph: State Emergency Service of Ukraine/EPA
Ukraine economy to contract 46% amid devastating impact of Russian invasion

Report by Economist Intelligence Unit suggest it may take until late 2030s to recover

Sinn Féin housing spokesman Eoin Ó Broin claims, by providing equity support, the State is opening up a new tier of potential mortgage customers for banks. Photograph: Dara Mac Dónaill
SF accuses Government of kowtowing to banks in State-backed housing schemes

Banks to be preferential creditor under shared-equity and affordable purchase schemes

Russian president Vladimir Putin. Photograph: Mikhail Klimentyev/Sputnik/Kremlin Pool Photo via AP
Putin’s gas-for-roubles threat raises prospect Russia could turn off tap

G7 nations call Moscow’s bluff in stand-off over natural gas deliveries

Brian Hayes, the chief executive of the Banking and Payments Federation Ireland. Photograph: Alan Betson
Strong demand drives mortgage activity

Banking and Payments Federation Ireland figures indicate rise in number and value of mortgages in February

The New York Stock Exchange. The S&P 500 was trading largely flat on Monday as gains in Tesla were offset by declines in bank and energy shares, ahead of the first face-to-face peace talks between Ukraine and Russia in more than two weeks.
European stocks inch up as investors assess bond moves

AIB and Bank of Ireland both end session up 2 per cent at €1.98 and €5.80

Retail sales rose in February as Covid-19 restrictions were lifted and consumers spent more in bars, and on hardware and electrical goods.
Retail sales rise in February despite cost-of-living squeeze

Latest figures show increase in retail volumes across several sectors

Shoppers on Henry Street, Dublin. Business and consumer sentiment in Ireland has fallen in the wake of Russia’s invasion of Ukraine.
Ukraine crisis triggers drop in business and consumer sentiment

Bank of Ireland’s latest barometer points to big knock in consumer sentiment

There are almost 75,600 defined contribution and defined benefit funds in the Irish pension sector, with a total asset value of €128.7bn. File photograph: Getty
Opaque world of fund fees to be revealed by move for clarity

United Kingdom company launches cost transparency initiative for Irish pension funds

Data from both reports put the median or typical asking price for a home nationally at €295,000 and at €385,000 in Dublin. File photograph: The Irish Times
House-price inflation set to stay in double digits for much of 2022

Brace of quarterly reports from myhome.ie and daft.ie show prices again accelerating

King Abdulaziz International Airport in Jeddah has a capacity for over 46 million passengers a year. Photograph: Amer Hilabi/AFP
DAA International wins contract to run Saudi’s Jeddah airport

Irish company recently won contract to manage a new airport at Saudi Arabia’s Red Sea development project

The P&O Ferries operated European Causeway vessel in dock at the Port of Larne, Co Antrim, where it has been detained by authorities for being ‘unfit to sail’. Photograph: Michael Cooper/PA Wire
P&O debacle is product of race-to-bottom capitalism which we all secretly sponsor

Company’s behaviour is reprehensible but it was merely following well-worn industry path

Russian president Vladimir Putin’s gas-for-roubles gambit is an attempt to test the West’s resolve on sanctions. Photograph: Mikhail Klimentyev, Sputnik, Kremlin pool via AP
Putin’s gas-for-roubles gambit could trigger EU-wide recession

Experts warn of potential for major economic shock if crisis worsens

ECB could still raise interest rates this year, particularly if the crisis in Ukraine leads to further energy price hikes. Photograph: Hannelore Foerster/Bloomberg
ECB could raise rates this year, board member tells Dublin event

Frank Elderson says he wouldn’t exclude lift-off in interest rates later this year

Shoppers on Grafton Street, Dublin. Consumer sentiment has plunged in the wake of the Ukraine conflict and increased inflation fears. Photograph: Dara Mac Donaill
Consumer sentiment plunges on Ukraine crisis and higher inflation

Latest KBC Bank Ireland barometer records biggest month-on-month drop since start of pandemic

Rosslare Port is featuring more heavily in Irish companies’ trade with continental Europe since Brexit. File photograph: Matt Kavanagh/The Irish Times
Up to 20 new trade routes to continent in use after Brexit

Companies avoiding United Kingdom landbridge, according to Chambers Ireland

Kenmare chief executive Michael Carvill: he said demand and prices continued growing in the opening three months of this year
Kenmare reports record jump in revenue on higher volumes and prices

Mining company says prices were on average 21% up on the previous year

AIB says it will offer cheaper loans to residential developers who build to the new Irish Green Building Council building specification. Photograph: Bryan O’Brien
AIB to offer cheaper loans to green developers

Bank says it will offer discount to those who adhere to new Irish Green Building Council standards

Inflation in the Irish economy is expected to surge to 8.5% or even higher in the coming months. File photograph: Hollie Adams/Bloomberg
Major cost-of-living shock expected in months with inflation forecast to hit 8.5%

ESRI says price squeeze will see real incomes fall and lower than expected growth

‘Certainly going forward the emphasis will have to be on more targeted measures to ensure the inflationary pressures aren’t compounded by Government measures’
Irish economy at risk from ‘wage-price spiral’, ESRI warns

Wage demands and untargeted Government measures could exacerbate problem, institute says

Online sales by Irish-registered business accounted for just 5.8 per cent of all retail sales in January, according to figures from the Central Statistics Office. Photograph: iStock
Irish businesses’ online trade accounts for 5.8% of sales in January, CSO finds

Data does not reflect sales with overseas businesses such as Amazon

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