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IMF backs Michael Noonan’s bid for Irish budget flexibility

Government efforts to convince the European Commission to allow greater flexibility in putting together the next budget have been handed significant backing from the IMF. It rowed in behind Finance Minister Michael Noonan’s claims that further flexibility should be afforded […]

ECB asset purchases ‘having an impact’

The impact of asset purchases by the European Central Bank is visible in the euro-area economy, according to Governing Council member Erkki Liikanen. “Monetary-policy decisions and the measures taken have already had a clear, positive impact on the economic outlook” […]

Construction to grow 15% but still far behind bubble levels, says consultant

The construction industry’s rebound is set to deliver growth of up to 15% this year and talk of a bubble is premature, according to a leading construction sector consultancy firm. The strong growth patterns of the past 12 months are […]

Domestic consumption to take reins of growth from exports

The Irish economy will post another year of strong growth in 2014 on the back of more robust levels of investment, combined with a recovery in domestic consumption, according to the ESRI’s spring quarterly economic commentary, which was launched yesterday. […]

Eurozone business activity rises amid ECB easing

Eurozone businesses ramped up activity this month as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fuelled expectations of more monetary stimulus. US manufacturing activity growth also edged up despite a […]

Eurozone business activity rises amid ECB easing

Eurozone businesses ramped up activity this month as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fuelled expectations of more monetary stimulus. US manufacturing activity growth also edged up despite a […]

Irish are smiles ahead of Greeks in EU happy league

We have the fastest growing economy in Europe and there may be clear signs that the recovery is bedding in. To top that, it appears that we are among the happiest in Europe. After years of crisis, rising unemployment and […]

European stocks headed toward their highest level since 2000

European stocks headed toward their highest level since 2000 after the Federal Reserve said data indicated economic growth has moderated, fueling speculation it won’t be in a rush to raise interest rates. All 19 industry groups on the Stoxx Europe […]

One quarter of Irish workers paid below living wage

One-in-four Irish workers are earning less than the living wage threshold with female employees the worst affected, according to a study conducted by the Nevin Economic Research Institute. The report found that 345,000 employees are on less than €11.45 per […]

Europe takes aim at member states’ tax agreement with multinationals

Multinationals will no longer be able to avoid paying tax by playing one country off another, under new rules drafted by the European Commission. Every three months, EU countries will be compelled to send one another outlines of any special […]

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