€10bn saved on national debt repayments

Current forecasts are likely to see close to €4bn in savings achieved during 2015, which will bring the total reduction in repayments over the €10bn mark. Restructured repayment agreements with the IMF, EU, and ECB — including the deal on […]

Global currency reserves decline

The decade-long surge in foreign currency reserves held by the world’s central banks is coming to an end. Global reserves declined to $11.6trn (€10.52trn) in March from a record $12.03trn last August, halting a five-fold increase that began in 2004, […]

Survey puts spotlight on income loss fears

Almost 50% of self-employed workers would see their business close within a year if they were unable to work due to illness or injury, a new survey estimates. Research by Royal London on self-employed financial brokers throughout the country showed […]

Double-digit Irish house price increases unlikely

House prices grew by almost 5% nationally in the first quarter of the year, but a return to spiralling double-digit hikes appears remote thanks to the introduction of new Central Bank mortgage lending restrictions. The price rise seen across the […]

Weak euro continues to aid Irish manufacturing sector

The country’s manufacturing sector expanded rapidly again last month with the weakness of the euro continuing to benefit the competitiveness of exporters to the UK, in particular. New product ranges, rolled out at the beginning of the year, are also […]

Reform of SME credit fund

Changes to the Government’s microfinance support fund were yesterday welcomed, with the improvements tipped to open the scheme up to more businesses and improve awareness among SMEs. Businesses looking to access loans of up to €25,000 from Microfinance Ireland (MFI) […]

Central Bank asks for budgetary restraint is needed

The Central Bank has warned that the economy remains vulnerable to adverse shocks and said further financial consolidation will be needed to meet medium-term budgetary objectives. Speaking yesterday at the publication of its latest quarterly economic outlook, Central Bank chief […]

Irish manufacturing sector expands steadily in March

Irish manufacturing firms registered a further strong improvement in operating conditions during March, according to the latest Investec Manufacturing Purchasing Managers’ Index (PMI), with the pace of job creation at levels not seen since 1998. The manufacturing sector expanded in […]

Feelgood factor should be tempered with caution

Economists often struggle to isolate the factors that are driving an economy up or down. Historic data is a cornerstone of any economic analysis, so having your finger on the pulse of what is happening in real time can be […]

Eurozone debt at ‘danger zone’ level

DEBT in the Eurozone is at dangerous levels, the head of Germany’s central bank has warned. Jens Weidmann, who is also on the governing council of the European Central Bank (ECB), called for banks’ exposure to the debt of individual […]

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