Sharp rise in consumer debt deals going through State’s insolvency service

THERE has been a sharp rise in the number of consumer debt deals done through the State’s insolvency office. But mortgage arrears campaigners warned that the deals were not being done fast enough to cope with the huge numbers of […]

IMF predicts even stronger growth for Ireland than it forecast just last month

The International Monetary Fund (IMF) is predicting stronger growth for Ireland this year and next year than it forecast just last month. In its World Economic Outlook report, published this afternoon, the Fund is forecasting GDP growth of 3.9pc this […]

Savers increasingly optimistic on putting money away

Saving is on the up as we move towards summer, with an increase in the number of people putting money away, driven by a more favourable attitude to the savings environment. A significant increase in the number of people saving […]

Bullish Ibec raises growth forecast to 5.4%

The forecast, contained in the employers’ representative’s first quarter economic outlook, published this morning, is notably more upbeat than the steady opinion offered by the Central Bank, which earlier this month, upped its 2015 growth forecast by just 0.1% to […]

Experts warn we may need to import workers

More apprenticeships will have to be created if industries expect to continue to prosper and meet demands, experts have warned. The Construction Industry Federation (CIF) said if we don’t deal with the skills shortage issue now, we may have to […]

IBEC expects economy to grow and unemployment to fall

IBEC is forecasting strong growth in the Irish economy this year. The employers group says it expects GDP to be 5.4%, up from its previous estimate of 4.8% at the end of last year. It also says unemployment will fall […]

Irish manufacturing output rose 32% in February

Further indications that the recovery in manufacturing is continuing apace in the early part of the year emerged yesterday as CSO data shed further light on the scale of increases in output. Figures show output in the second month of […]

Irish mortgage holders await legislation

More than 18,000 mortgage holders are still awaiting clarification over the level of protection to be afforded them under proposed legislation as a row over the detail of the bill rumbles on. The Consumer Protection Bill, which was drawn up […]

Ireland spent 37.3% of GDP on bank bailout costs

Ireland’s bank bailouts cost the country the equivalent of nearly 40% of its annual economic output, most of which it is unlikely to see again, new figures show. The ECB publishedestimates of the direct cost to eurozone countries and Britain […]

Greece says ready to make IMF payment

Greece will repay a €450m loan tranche to the IMF today, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent weeks. Greece is fast running out of cash and its euro zone […]

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