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#Irish Economy

# irish-economy - Wednesday 8 June, 2011

Three-quarters of professionals 'would leave Ireland within three years' Emigration This post contains a poll

Three-quarters of professionals 'would leave Ireland within three years'

Only five per cent of workers are sure the economy will improve by 2014 – with two-thirds believing it will continue to flag.

Positive consumer sentiment surged in May - ESRI

Consumers are more confident about the labour market, but less so about their own futures, new research shows.

# irish-economy - Wednesday 1 June, 2011

Unemployment rate increased in May, reaching 14.8 per cent

Figures from the Central Statistics Office show that the numbers signing on jumped by 2,600 in the month of May.

# irish-economy - Tuesday 31 May, 2011

The Daily Fix - Tuesday

In today’s Fix: Irish economy forecast to shrink this year; Aer Lingus pilots threaten industrial action; ‘sexy’ TDs; and the 100th anniversary of the launch of the Titanic.

Kenny again denies Ireland's need for a second EU-IMF bailout

Opposition leaders try to make hay from a spate of cabinet disputes, but the Taoiseach insists Ireland’s economy will recover.

Meltdown: Ernst & Young predicts economy will shrink in 2011

Forget predictions of a modest growth – Ernst & Young’s forecast believes Ireland’s economy will contract by 2.3 per cent.

# irish-economy - Thursday 26 May, 2011

The 9 at 9: Thursday

Nine things you need to know by 9am: OECD calls for dole to be cut; Sellafield to be stress-tested by the EU; and why Cheryl Cole was dropped from the US X Factor.

# irish-economy - Friday 20 May, 2011

UCD's Karl Whelan: Ireland faces needing a SECOND bailout Bailout 2? This post contains videos

UCD's Karl Whelan: Ireland faces needing a SECOND bailout

The current market conditions won’t allow Ireland to borrow through normal means by next year – leaving us in the lurch.

# irish-economy - Monday 16 May, 2011

Column: How our Government frightens the children with the ECB bogeyman

Ministers tell us the country will collapse if we burn the bondholders – but this is just a scare tactic. The Government has real options in dealing with debt, writes economist Michael Taft.

# irish-economy - Friday 13 May, 2011

European Commission pares back forecasts for Irish economic growth

Olli Rehn tells a briefing that Ireland’s economy will grow by 0.6 per cent – further bolstering the case for a bailout rate cut.

# irish-economy - Thursday 12 May, 2011

Annual inflation rate reaches 3.2 per cent in April

The Consumer Price Index rises 3.2 per cent, fuelled by a surge in the price of domestic utilities and housing.

# irish-economy - Thursday 5 May, 2011

Unemployment down slightly as Live Register is unchanged

Ireland’s rate of unemployment now stands at 14.6 per cent, down 0.1 from last month, with 439,200 signing on.

# irish-economy - Wednesday 4 May, 2011

"So far so good" for exchequer figures, Noonan says

The Minister for Finance says figures being published today will show the economy as being “better than on track”.

# irish-economy - Tuesday 3 May, 2011

Manufacturing output continues to grow - report

The pace of growth in manufacturing rose slightly in April, while new orders also remain strong according to NCB.

# irish-economy - Thursday 28 April, 2011

Retail sales down by 1.7 per cent, CSO figures say

The volume of retail sales rises by 0.1 per cent since February, but is down on last year – confirming a worrying trend.

# irish-economy - Tuesday 26 April, 2011

Factory gate prices fall by 0.2 per cent in March

Monthly factory prices fell again in March, but at a slower rate than in the previous year, new statistics show.

# irish-economy - Monday 25 April, 2011

From The Daily Edge What recession? Irish rank themselves in top 10 for optimism Happiness This post contains a poll

What recession? Irish rank themselves in top 10 for optimism

A new Gallup survey of international wellbeing sees Ireland comes 9th out of 124 countries in how they rank their lives.

# irish-economy - Monday 11 April, 2011

BANK OF IRELAND has scaled back its expectations of Ireland’s economic growth for 2011 – adding its name to a growing list of bodies that has baulked on its original forecast for growth. In its latest quarterly outlook, the bank forecasted growth of 0.5 per cent in GDP this year – compared to 1.5 per cent growth in previous forecasts.

# irish-economy - Monday 4 April, 2011

Exchequer returns show €7.1bn gap in first three months

Ireland spent €7.07bn more than it earned in the first three months of 2011 – a major jump on the €3.94bn from last year.

# irish-economy - Thursday 31 March, 2011

Stress test scenario of 50,000 repossessions "very aggressive"

The economist’s view: Ronan Lyons says the aim of the game is to convince the markets that Irish banks are still open.

# irish-economy - Wednesday 30 March, 2011

Unemployment stays at 14.7 per cent as live register rises

1,100 more people were signing on March, up by almost 11,000 on the same time last year but down on September’s peak.

# irish-economy - Thursday 24 March, 2011

One in three Irish businesses plan to expand in 2011

Confidence may be returning slowly to the Irish economy but funds to finance acquisitions are still hard to come by.

Economy shrank by 1.6 per cent in fourth quarter of 2010

The latest statistics from the CSO show that GDP fell by 1.6 per cent – but GNP rose – with overall declines for 2010.

Bond prices surge again after Portuguese budget defeat

The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.

# irish-economy - Monday 7 March, 2011

Rehn asks Germany for flexibility on Ireland's bailout rate

As the Programme for Government agrees to seek a lower interest rate, Europe asks the main economies to look kindly.

# irish-economy - Tuesday 1 March, 2011

Governments handcuffed by manifestos and social partnership - report

Ambitious programmes for government and national pay deals ‘overwhelmed’ the Budget process, a review claims.

# irish-economy - Saturday 19 February, 2011

Barroso: I'm fully confident about Ireland's economic recovery

The President of the European Commission tells an audience in Cambridge he expects Ireland to recover from its fiscal woes.

# irish-economy - Tuesday 8 February, 2011

From Business ETC NCB: Ireland may need EU help beyond 2013 Irish Economy

NCB: Ireland may need EU help beyond 2013

Ireland’s economic recovery will be two-tier, says the stockbroking agency, with exports booming but weak domestic demand.

# irish-economy - Thursday 3 February, 2011

Parties clash over pre-election economic plans

Is FG changing its policies every day? Does Labour want to hand power to the EU? Is FF’s plan vague with “woolly targets”?

# irish-economy - Monday 31 January, 2011

Take 5: Monday

Micheál Martin names Mary Hanafin a Deputy Leader of Fianna Fáil; Ivor Callely has been awarded almost €17,000 for loss of earnings over his quashed Seanad suspension; and house premiums are set to rise by as much as 15 per cent.

Central Bank hauls back economic growth forecasts

Three months ago the Central Bank thought the economy would grow by 2.4 per cent in 2011 – now it’s just 1 per cent.

Gap between rich and poor broadened since 1987

The last 24 years – which saw Fianna Fáil in power for 21 – saw the top 10% of earners gain most, a new report says.

# irish-economy - Saturday 29 January, 2011

Martin concedes: FF could support FG minority government

The end of the Civil War? If Fine Gael pledge to enact the Four Year Plan, Fianna Fáil would return the Tallaght Strategy.

# irish-economy - Thursday 27 January, 2011

Payday a black day for many Irish workers Payday This post contains images

Payday a black day for many Irish workers

Enquiries to make contact with financial institutions and counselling services saw a hike as workers find a hole in their January pay packet.

# irish-economy - Wednesday 26 January, 2011

Trade surplus stays above €4bn for November

The value of Irish exports in November 2010 was €4bn more than the amount we imported – for the second straight month.

# irish-economy - Monday 24 January, 2011

No money, no leaders, no Irish: what the world's papers say

Guess what the world’s press makes of Ireland’s latest political woes? No prizes for guessing: they don’t think it’s good.

# irish-economy - Thursday 20 January, 2011

ESRI tones down forecasts for economic growth

The think-tank’s latest quarterly bulletin scales back its estimation for economic growth – from 2.25% to 1.5%.

# irish-economy - Wednesday 12 January, 2011

Ireland ranked seventh in world 'economic freedom' rankings

Ireland’s ‘freedom score’ drops moderately on last year – but we still have more freedom than any other EU state.

# irish-economy - Friday 17 December, 2010

Moody's cuts Irish rating by FIVE notches

Ireland goes from Aa2 to Baa1 in one swoop – and now lies just a few notches above being officially ‘junk’.

# irish-economy - Thursday 16 December, 2010

Ireland's economy grew between July and September

The threat of a double-dip seems off the cards: Ireland’s economy was back in positive territory for the third quarter.