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Retail sales set to grow by 9%

Consumer spending could rise by 9% in volume terms this year helping to maintain Ireland’s status as the the eurozone’s fastest growing economy for a second consecutive year. CSO figures published yesterday show a 1.4% increase in headline retail sales […]

128,000 ‘underemployed’ workers want more hours

Almost a quarter of the workforce is made up of part-time employees, many of whom feel they are under-employed and would be willing to work more every week. Some 23.4% of workers are employed part-time as opposed to a fifth […]

‘Everyone loses’ if Britain exits EU

If Britain leaves the European Union, it could knock up to 14% off its GDP by 2030, taking into account all negative factors including lost economic dynamism, a study by two leading German institutes has found. Based on 2014 values, […]

Investment bank predicts 3.5% economic growth

Global investment bank Cantor Fitzgerald is the latest financial body to weigh in on the Irish economic recovery with strong 2015 growth projections. Cantor Fitzgerald is projecting full-year GDP growth of 3.5% in line with predictions from the European Commission […]

Cost of doing business in towns ‘a big problem’

The Spring Statement tomorrow, which will be announced by the Finance Minister Michael Noonan, is expected to mark the end of austerity in Ireland. The plan for the upcoming budget will outline €1.4bn in tax cuts and spending increases, including […]

Fitch: Bad loan levels to fall further

Instances of non-performing Irish homeloans are set to reduce further over the remainder of 2015, according to leading international credit rating agency, Fitch. In its latest mortgage market index for Ireland, the agency says it sees bad debt levels continuing […]

Flood of cheap money ‘risks creating bubbles’

A flood of cheap money risks creating bubbles in financial markets if interest rates remain low for long , ECB governing council member Erkki Liikanen has said. “We need to pay attention,” Liikanen, also governor of Finland’s central bank, said […]

Revenue to add 400 staff as tax take tops €41bn

Revenue is to take on an additional 400 staff by the end of the year as it scales up its regulatory and compliance capabilities and looks to maintain its strong performance over the past number of years. It is recruiting […]

Growth of 0.4% forecast for euro area

The eurozone economy is on a recovery path, according to all but a handful of forecasters polled by Reuters who also gave a slightly more than one-in-four chance of Greece leaving the currency union. Economists are more optimistic about a […]

Strategic investment fund to invest up to €1bn across country during 2015

The State’s newly created investment fund has announced that it expects to commit between €500m and €1bn to investments in Ireland over the rest of the year. The Ireland Strategic Investment Fund, which is controlled and managed by the National […]

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