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#Irish Economy

# irish-economy - Thursday 29 September, 2011

Ernst & Young expects Irish economy to contract by 1 per cent this year

There are some mixed messages in Ernst & Young’s autumn forecast as economists predict improved economic outlooks but refuse to rule out the possibility of a new bailout package for Ireland.

# irish-economy - Thursday 22 September, 2011

Relief: Irish economy grew by 1.6 per cent in Q2

Ireland’s economy grew faster than all but one other European country in the second quarter. So who was it that bested us?

# irish-economy - Tuesday 20 September, 2011

IMF lowers forecasts for world economic growth

But in its latest World Economic Outlook it has left its projections for Ireland unchanged.

# irish-economy - Monday 19 September, 2011

Davy lowers forecasts for Irish economy

Davy’s research division has revised its forecasts for Irish economic growth down as the global outlook deteriorates.

In numbers: the Annual Report of the Comptroller & Auditor General

The State’s accountant’s annual report for 2010 shows that there is €22.7bn is left in the National Pension Reserve Fund – €10bn of that has been deposited in banks.

# irish-economy - Thursday 8 September, 2011

Trichet: Ireland is gaining credibility and increasing creditworthiness

The ECB president has some kind words, as the main ECB interest rate remains unchanged – and could even be lowered soon.

Cost of living increased by 0.2 per cent in August

The Central Statistics Office says the annual rate of inflation in Ireland stood at 2.2 per cent as of the end of August.

# irish-economy - Tuesday 6 September, 2011

Front-loaded budget ‘could push economy to breaking point’

The KBC/ESRI Consumer Sentiment Index is virtually unchanged, but shows a worrying emerging trend in the medium term.

# irish-economy - Wednesday 31 August, 2011

Aer Lingus losses grow, but outlook is brighter

The flag-carrier’s losses for the first half of 2011 are 46 per cent worse than last year, but there’s better news to come.

# irish-economy - Tuesday 30 August, 2011

Irish export growth to slow as outlook for key markets dims - NIB

National Irish Bank is less optimistic on Irish export growth as eurozone economies slow down.

# irish-economy - Monday 29 August, 2011

Mixed messages as retail sales continue their slide

Both the volume and value of retail sales fell in July, and if you exclude motor trading, the domestic economy is even gloomier.

# irish-economy - Tuesday 23 August, 2011

Ireland records its highest ever trade surplus

Ireland’s trade surplus hit its highest level in June as exports rose by almost 6 per cent.

# irish-economy - Sunday 21 August, 2011

Gender pay gap got wider during downturn - official report

New data from the Central Statistics Office show that the gap between pay for men and women widened in 2009.

# irish-economy - Thursday 18 August, 2011

Ireland in 'unexpected economic comeback' - Financial Times

Two Oxford University academics and Irish business group, IBEC, say Ireland’s economic health is not as bad as people (read: ratings agencies) think.

# irish-economy - Wednesday 10 August, 2011

Summer sales fail to bring out the shoppers

KBC says consumer sentiment fell in July, despite aggressive price cuts by retailers, with shoppers fearing for the future.

# irish-economy - Tuesday 9 August, 2011

Hopes for recovery take a blow as Irish consumers increase savings

The Nationwide/ESRI savings index shows a significant increase in the amount of cash that worried consumers are keeping aside.

# irish-economy - Thursday 4 August, 2011

Take 5: Thursday

5 stories, 5 minutes, 5 o’clock.

# irish-economy - Tuesday 2 August, 2011

Businesses now taking even longer to pay their bills - survey

If you’ve issued an invoice to a construction company in Waterford, you might be waiting a while for payment…

# irish-economy - Monday 1 August, 2011

Column: Anglo-Irish execs should be made to co-operate

As we approach the third anniversary of those infamous meetings to prop up Anglo-Irish Bank, former trader Nick Leeson asks why the investigation is proving “spectacularly lethargic”.

# irish-economy - Friday 29 July, 2011

Central Bank scales down expectations for economic growth

The latest quarterly bulletin has less ambitious targets for growth in both GDP and GNP than the last one did.

# irish-economy - Wednesday 27 July, 2011

Bailed-out Ireland could stump up €11.1 billion… to pay for new bailout fund

The new European Stability Mechanism will need will claw back a huge amount of the loans it’s already giving us.

# irish-economy - Saturday 23 July, 2011

Noonan warns bailout rate change won’t ease budget cuts

The next budget will contain further cuts of around €4bn, despite the country saving millions on its bailout loan payments.

# irish-economy - Friday 22 July, 2011

UK agrees to cut interest rate on bilateral Irish bailout

George Osborne says Ireland had been paying too much interest on European loans, and cuts the rate on his own.

Poll: Are you happy with the new Eurozone deal? Your Say This post contains a poll

Poll: Are you happy with the new Eurozone deal?

Ireland is set to save between €600-€800m on its loans – does this go far enough?

Bond yields dive, and Euro up, as markets embrace Brussels deal

The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.

# irish-economy - Thursday 21 July, 2011

Irish bailout rate 'cut to under 4 per cent' by draft agreement - report

RTÉ says a draft agreement being considered in Brussels would slash our interest rate and extend our repayments.

# irish-economy - Sunday 17 July, 2011

Smoking costs the Irish economy €1m a day - minister

That’s what Róisín Shortall told the Dáil – but it’s little compared to the cost of tobacco-related healthcare.

# irish-economy - Friday 8 July, 2011

Gilmore jets to Berlin to meet German counterpart over bailout talks

Eamon Gilmore and Guido Westerwelle will also discuss the Middle East, the Arab Spring and the Eurozone crisis.

# irish-economy - Wednesday 6 July, 2011

Over 1,000 companies declared insolvent in first half of 2011

While the number of company startups was higher in 2011, the numbers going out of business also rose.

# irish-economy - Monday 4 July, 2011

Column: Yes, the global economy is in turmoil... but banks have to start lending

Ireland needs to order its banks to resume lending to small and medium businesses in order to fuel a recovery, argues Nick Leeson.

# irish-economy - Sunday 3 July, 2011

Column: Dear student, the Leaving Cert is damaging your brain

Economics lecturer Stephen Kinsella on second-level education’s “wheel of regurgitation” – and why the next generation of decision-makers must get rid of it.

# irish-economy - Tuesday 28 June, 2011

Consumer sentiment slips back to February levels

Latest consumer sentiment data shows a drop in June as people continue to worry about the economic outlook, retaining their jobs and a likely ECB interest rate hike in July.

# irish-economy - Thursday 23 June, 2011

The Daily Fix: Thursday The Daily Fix This post contains images

The Daily Fix: Thursday

In this evening’s wrap-up: All eyes on Brussels, a new plant at Sellafield, some classic tourist no-nos, and Dublin Zoo’s latest arrival…

CSO reports mixed bag for Ireland's growth

Although GDP grew in the first quarter of 2011, GNP fell, suggesting that the domestic market is still struggling.

# irish-economy - Wednesday 22 June, 2011

Ireland faces €200m hit if Greek economy crumbles

Ireland’s banks will escape any fallout, but the State and private institutions will lose out if Greece goes to the wall.

# irish-economy - Monday 20 June, 2011

Here's how a new deal on EU bailouts could help Ireland escape a second one

A nutshell guide to how an amendment to the European Stability Mechanism could help Ireland get back on its feet.

# irish-economy - Thursday 16 June, 2011

Unemployment rate revised downward for first three months of 2011

The seasonal unemployment rate is down to 14 per cent – but mostly undoes the surprising surge from late last year.

Iceland’s finance minister: 'Ireland shouldn’t copy our formula for default'

Ireland and Greece can’t follow the recovery mode as Iceland did, finance minister Steingrimur Sigfusson insists.

# irish-economy - Thursday 9 June, 2011

Income tax increases ‘not ruled out’ for December budget – Noonan

Michael Noonan tells the Dáil that the prospect of increasing income taxes for the first time in years isn’t off the table.

Rate of inflation rises to 2.7 per cent, but slowing

New statistics from the Central Statistics Office show that inflation increased by only 0.1 per cent last month.