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 […]

Pressure raises as troika to put deal to Greece

Greece’s creditors yesterday drafted the broad lines of an agreement to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country runs out of money. The […]

Inflation returns as food costs rise

The eurozone returned to inflation in May with a higher- than-expected increase in consumer prices after five months of falls and stagnation, due to rising food costs and the waning impact of cheap energy. The European Union’s statistics office Eurostat […]

Economist calls for new method of evaluating growth

Despite all indicators pointing towards an improving economy over the past year, there is no simple way of measuring that progress due to the distortive effects of a number of large industries and definitional changes. One of the country’s most […]

CSO data will give clearer picture of Irish economic recovery

We have seen a number of upgrades to forecasts on the economy in recent times, with most now concluding that it will increase around 4% this year and next, writes Oliver Mangan. However, a recent ESRI paper by Niall Conroy […]

IBEC survey finds 39% of firms cannot afford pay rises

Nearly four in 10 (39%) Irish companies will not be able to award a pay increase this year, according to a survey from IBEC. The survey says the figure is similar to a previous study at the end of last […]

€8.5m show of faith in Ireland Energy Efficiency Fund

The Ireland Energy Efficiency Fund (IEEF) has landed an €8.5m investment as it moves further towards being fully invested by the end of 2016. The Representative Church Body (RCB), the investment manager and trustee of the Church of Ireland Pension […]

Irish retail sales enjoy surge

Retail sales surged in April at their fastest rate for over 14 years, the first very strong evidence that confidence is returning to the Main Street. Economists said they may upgrade their forecasts for economic growth this year on the […]

Nama sales ‘no longer’ benefit State’s funding cost

The rapid sell-off by Nama of its property loans and redemption of its debt is providing a huge profitability kick for Irish banks, but is probably no longer benefiting the State’s funding costs, a leading economist has said. Philip O’Sullivan, […]

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