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Wage growth in the Irish economy is running at about 4%. File photograph: The Irish Times

3:24 Spectre of inflation returns to haunt Irish households

Economy
Eoin Burke-Kennedy
January 20, 2022, 06:15

Headline price growth in economy jumps to 20-year high – energy prices alone set to surge

‘The institute believes that a broader personal tax base would make the Irish system more sustainable and would reward those who work to increase their earnings’

Low-paid workers’ exemption from tax base ‘unfair’ on middle earners

Economy
Eoin Burke-Kennedy
January 20, 2022, 06:01

Tax institute calls for broader personal tax base and simplified social insurance system

Inflation was driven by a combination of increased prices for transport and energy. Photograph: iStock

2:27 Consumer prices rise at fastest rate in two decades

Economy
Ciara O'Brien
January 19, 2022, 12:33

Inflation data shows rising energy costs putting the squeeze on consumers

Many had predicted property values would fall as a result of the pandemic but a number of factors have led to an acceleration in prices. Photograph: Aidan Crawley/Bloomberg

House price inflation surges to pandemic high of 14%

Economy
Eoin Burke-Kennedy
January 19, 2022, 11:28

Average price for home in Dublin now exceeds €500,000

Photograph: iStock

UK inflation rises to highest in nearly 30 years

Economy
January 19, 2022, 07:38

Pressure mounts on Bank of England to raise rates again next month

Eurogroup president Paschal Donohoe and Christine Lagarde, president of the European Central Bank: The extension on access to UK clearing houses is double the period Brussels had set aside to prepare after Britain left the single market. Photograph: Olivier Hoslet/EPA

EU plans three-year extension to UK clearing system access

Economy
January 18, 2022, 19:35

Move avoids ‘short-term cliff-edge effects’ from expiration of permit that was due in June

From left to right: pesident of the European Central Bank Christine Lagarde, French finance minister Bruno Le Maire and German finance minister Christian Lindner during Eurogroup finance ministers meeting in Brussels, Belgium on January 17th. Photograph: Olivier Hoslet/EPA

Euro zone eyes slower debt reduction rule among ways to boost compliance

Economy
January 17, 2022, 19:57

EU fiscal rule stop governments borrowing too much to safeguard the value of the euro

Shanghai: China’s economy rebounded in 2021 with its best growth in a decade, helped by robust exports, but there are signs that momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support.

Growth in advanced economies expected to slow, OECD data

Economy
Eoin Burke-Kennedy
January 17, 2022, 13:01

High-frequency data show post-pandemic growth peak has passed

Goods imports from Britain have fallen by more than a fifth since Brexit while cross-Border trade between the Republic and Northern Ireland continues to flourish

Goods imports from Britain fall by fifth since Brexit

Economy
Eoin Burke-Kennedy
January 17, 2022, 11:58

Latest CSO trade numbers show major pick-up in cross-Border trade, however

Minister for Enterprise Leo Varadkar. Photograph: Dara Mac Donaill

Local Enterprise Office firms added almost 3,000 jobs last year

Economy
Colin Gleeson
January 17, 2022, 07:30

Businesses supported by State network saw a net loss of jobs in 2020 as Covid-19 struck

It will be “disgraceful if the European Commission succeeds in its attempt to label gas as a solution to address global warming”, according to renewable energy developer Eddie O’Connor.

Irish billionaires get richer, gas not a solution and what ‘Great resignation’?

Economy
Conn Ó Midheach
January 17, 2022, 06:39

Business Today: the best news, analysis and comment from The Irish Times business desk

US Federal Reserve chairman Jerome Powell.

Expectations build for more than three US rate rises this year

Economy
Colby Smith
January 16, 2022, 16:35

Fed officials and economists predict central bank will go beyond its baseline forecast for increases if inflation persists

Are people not leaving work but just changing jobs? Photograph: iStock

The truth about the ‘Great Resignation’: It didn’t actually happen

Economy
Eoin Burke-Kennedy
January 16, 2022, 11:42

Employment and participation in the Irish labour market has never been higher

DBRS has a ‘stable’ trend on the new rating. Image: iStock

2:56 Ireland’s credit rating upgraded by DBRS on economic ‘resilience’

Economy
Joe Brennan
January 14, 2022, 21:36

Agency says State is well positioned against threats

On an adjusted basis the numbers of male and female claimants on the Live Register in December were 90,700 and 75,600 respectively

Almost 500,000 were on State job support in November

Economy
Colin Gleeson
January 14, 2022, 12:08

CSO data shows figure is down more than 60% on same month a year earlier

Economists had forecast monthly gross domestic product growth of 0.4 per cent for November

UK economy finally bigger than before pandemic in November

Economy
January 14, 2022, 07:38

World’s fifth-biggest conomy grew by 0.9% during the month, as against 0.4% prediction

Vehicles run on a main road in Beijing. China posted a record trade surplus in December. Photograph: Wu Hong/EPA

China posts record trade surplus on robust exports

Economy
January 14, 2022, 07:23

Exports increased 20.9% year-on-year last month as trade surplus rises to $94.46bn

The Society of Chartered Surveyors Ireland (SCSI) said 90 per cent of 189 estate agents surveyed in December expect property prices to increase this year. Photograph: Simon Dawson/Bloomberg

3:51 House prices forecast to rise by 5% as supply struggles to meet demand

Economy
Eoin Burke-Kennedy
January 14, 2022, 05:41

SCSI report also highlights planning issues and impact of rising renovation costs

Dublin Airport’s Terminal 2 building. Photograph: Aidan Crawley/Bloomberg

Good air connectivity is vital for Irish trade

Economy
John FitzGerald
January 14, 2022, 05:22

John FitzGerald: Ireland needs to recover air routes mothballed by Covid or risk impact on investment

Eirgrid has had to reassure multinational customers after rising demand and falling supply brought the Irish electricity system to a crossroads. Photograph: Alan Betson

Is Ireland starting to lose its attraction for international investors?

Economy
Charlie Taylor
January 14, 2022, 05:20

To keep the likes of Intel on board, we must address planning and infrastructure issues

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