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Thursday 26 May 2022
From The Daily Edge
It’s National Biscuit Day suckers.
Ireland has just entered its fourth recession since the crisis began – and what is our government doing about it? Waiting for Europe to sort out the mess, writes Aaron McKenna.
Hadn’t you noticed? Eurozone GDP fell by 0.1 per cent in the third quarter of 2012.
Preliminary estimates from the Office for National Statistics bear bad news…
Irish economic output has declined for two successive quarters – meaning Ireland is technically back into a recession.
The major European stocks have fallen in early trading this morning.
Nouriel Roubini says increasing interest rates will strengthen the Euro – and make it difficult for weak countries to recover.
The latest statistics from the CSO show that GDP fell by 1.6 per cent – but GNP rose – with overall declines for 2010.
Ernst & Young says GDP will fall by 2.3% next year, with unemployment growing – but there’s other forecasts for Celtic Tiger 2.
Damned if we do, and damned if we don’t. We can’t afford to borrow, but cutting spending means double-dip…
It’s more bad news – manufacturing is down in the last month, and retail sales only just up. Is this the Double Dip?
“The folly of cuts,” says the Guardian; the drop is “unexpected” says WSJ; “the first to face a double dip,” says Telegraph.
One economist is so shocked by the fall in our output, he thinks it’s a misprint.
New CSO statistics show economic output fell in the months from April to June, having risen in the months before that.
The services sector is slowing down. Is a second recession on the way? And what does that mean?
The Fed chairman says it’s going to be a slow return – but dismisses talk of a double dip.
Ireland isn’t the only one with a major jobs crisis.
MORE THAN HALF of renting households receive State support in order to meet their housing costs, according to fresh research released today.
A new study from the Economic and Social Research Institute (ESRI) found that as many as 293,673 households received assistance with the financial burden of rent.
This amounts to 16% of households overall and 54% of those renting. The figure is more than double the number in receipt of equivalent housing supports in 1994.
The ESRI noted that the qualification criteria for housing supports have become more restrictive in recent years.
The report estimates that the share of households eligible to apply to their local authority for support with housing costs fell from 47% to 34% between 2011 and 2019, largely because of a freeze to most income limits.
So, today we’re asking: Do you struggle to pay your rent?
Poll Results:
Share your story: voices@thejournal.ie
A.M. showers; otherwise, mostly cloudy
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Partly sunny
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