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ESRI: Negative equity ‘could be over’ by 2017

The number of households in negative equity is falling rapidly and could fall to zero as early as late 2017, such is the unexpected pace in house price rises, says the country’s leading think-tank. The Economic and Social Research Institute […]

Signs two-tier economic growth ending

More jobs are being created outside the Dublin region as the economic recovery broadens and finally spells an ending to the two-tier economy, according to two surveys published today. Utilities such as electricity and gas are hiring strongly, most sectors […]

EU heavyweights’ tax loopholes targeted

The EU stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing to hand […]

EU seeks to push ahead with capital markets union

Stakeholders across the EU are very supportive of the new capital markets union being proposed by the European Commission, which they say will unlock capital for business and unlock growth. As a result, the Commission is promising to move forward […]

Home debt crisis remains enormous, warn experts

Central Bank figures showing a slowdown in the numbers entering so-called early arrears fails to capture the huge scale of the home debt crisis, debt experts have said. The bank said yesterday that 104,693, or about one in seven of […]

Irish bonds and euro trade nervously

Volatility continued to hit the Irish bond market and the euro, as investors waited nervously for news on whether Greece and its creditors would fall short in negotiations over its repayments to the IMF. However, analysts said the euro was […]

Consumer sentiment stalls as recovery fails to boost spending

Ireland’s economic recovery is still not boosting consumers’ spending power, with rising accommodation costs and water charges among the elements weighing on confidence levels. The latest consumer confidence index — jointly published by KBC Bank Ireland and economic think-tank, the […]

Ireland a ‘stand out’ in global digital development

Ireland is among the world’s elite in terms of digital development having consolidated its reputation as one of the key drivers of the global digital economy. Along with the likes of New Zealand and Israel, Ireland has been designated a […]

Buoyant tax receipts reflect economy’s rapid growth

A buoyant set of exchequer figures for May confirm that the economy is growing rapidly. The Department of Finance figures showed that revenues from all the main tax headings rose significantly in the first five months of the year. Overall, […]

OECD cuts economic global forecast by 0.6%

The OECD has cut its global economic growth forecast for this year but says it expects lower oil prices to ensure a gradual recovery, even if weak investment remains a worry. Growth is also being buoyed by ultra-supportive central bank […]

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