Patrick Honohan

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Headline GDP figures tend to suggest that Irish people are well off. Gross Domestic Product per head figures in Ireland are second only on the EU list(...)

A previous analysis by former Central Bank governor Patrick Honohan based on 2019 figures estimated that Ireland might be around 8th to 12th place in terms of the EU prosperity league, when distortions to GDP data are factored out. Photograph: Gareth Chaney/Collins

Ireland has ranked 13th out of the 27 EU countries in new EU data on household living standards in 2020. The figures show Ireland ranking slightly bel(...)

The technical language of the Central Bank’s report on Davy has the effect of pulling punches. Photograph: Sasko Lazarov/RollingNews.ie

It is six years to the day tomorrow since the story of the Davy bond-trading scandal broke. Investigating it took so long, the Central Bank’s Dervil(...)

In gross domestic product  terms we rank among the richest nations in the world but is this a fair reflection of the economy?

The “real feel” in the Irish economy has never quite matched the eye-watering growth numbers that tumble out each year. In gross domestic product (GD(...)

Patrick Honohan: “Ireland is a prosperous country, but not as prosperous as is often thought.”

Rankings that put the Republic as the most prosperous state in the European Union are wrong, former Central Bank governor Patrick Honohan has said. T(...)

 An empty Grafton Street in Dublin. Lockdown restrictions have pushed the December jobless rate to over 20%.  Photograph: Dara Mac Dónaill

The Irish economy begins 2021 in a precarious position. Record coronavirus infections and a return to a full-scale lockdown clouds the outlook and lim(...)

The parties we all want to throw could start quite soon – provided economic policy plays its part

The collective noun for a group of ladybirds is a “loveliness”. That stands in stark contrast to descriptions for a collection of economists. My own f(...)

The former offices of Anglo Irish Bank on St Stephen's Green, Dublin. File photograph: Frank Miller

This time it’s different. Ten years ago today, Ireland went into the arms of the International Monetary Fund (IMF). Following weeks of speculation, r(...)

When  the impact of prices is considered, Irish households no longer belong to the EU rich club.

Incomes have risen steadily in Ireland in recent years – before Covid-19 hit – with some data showing Ireland as one of the EU’s richest countries. Bu(...)

A man walks past a window display at the National Wax Museum Plus in Dublin, which has reopened following the easing of lockdown restrictions. Photograph: Niall Carson/PA Wire

With Ireland’s success to date in bringing the outbreak of infection down to a low level, and the rapid bounce-back in economic activity now in progre(...)

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