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#Irish Economy

# irish-economy - Thursday 29 September, 2011

Consumer sentiment drops amid ongoing job security and Budget fears
# Consumer Sentiment
# Consumer Sentiment

Consumer sentiment drops amid ongoing job security and Budget fears

Sep 29th 2011, 12:01 PM 172 Views 1 Comment

Sentiment in Ireland didn’t fall as much as among other Europeans or in the US – possibly because of an already-poor outlook here.

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

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

Sep 29th 2011, 10:33 AM 813 Views 8 Comments

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
# Good News
# Good News

Relief: Irish economy grew by 1.6 per cent in Q2

Sep 22nd 2011, 11:42 AM 1,044 Views 34 Comments

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
# World Economy
# World Economy

IMF lowers forecasts for world economic growth

Sep 20th 2011, 6:23 PM 241 Views 1 Comment

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
# Forecasts
# Forecasts

Davy lowers forecasts for Irish economy

Sep 19th 2011, 3:34 PM 592 Views 3 Comments

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
# In Numbers
# In Numbers

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

Sep 19th 2011, 2:35 PM 967 Views 8 Comments

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
# ECB
# ECB

Trichet: Ireland is gaining credibility and increasing creditworthiness

Sep 8th 2011, 2:47 PM 755 Views 14 Comments

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
# Inflation
# Inflation

Cost of living increased by 0.2 per cent in August

Sep 8th 2011, 11:28 AM 284 Views 0 Comments

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’
# Doom And Gloom
# Doom And Gloom

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

Sep 6th 2011, 12:00 PM 1,052 Views 12 Comments

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
# Aer Lingus
# Aer Lingus

Aer Lingus losses grow, but outlook is brighter

Aug 31st 2011, 8:17 AM 393 Views 1 Comment

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
# Trade
# Trade

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

Aug 30th 2011, 10:48 AM 464 Views 1 Comment

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
# Retail
# Retail

Mixed messages as retail sales continue their slide

Aug 29th 2011, 3:05 PM 376 Views 11 Comments

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
# Trade Surplus
# Trade Surplus

Ireland records its highest ever trade surplus

Aug 23rd 2011, 2:49 PM 1,166 Views 22 Comments

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
# Gender Gap
# Gender Gap

Gender pay gap got wider during downturn - official report

Aug 21st 2011, 5:45 PM 412 Views 9 Comments

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
# Comeback
# Comeback

Ireland in 'unexpected economic comeback' - Financial Times

Aug 18th 2011, 2:18 PM 3,180 Views 54 Comments

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
# Consumerism
# Consumerism

Summer sales fail to bring out the shoppers

Aug 10th 2011, 12:17 PM 287 Views 3 Comments

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
# Savings
# Savings

Hopes for recovery take a blow as Irish consumers increase savings

Aug 9th 2011, 11:36 AM 545 Views 8 Comments

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

# irish-economy - Tuesday 2 August, 2011

Businesses now taking even longer to pay their bills - survey
# Solvency
# Solvency

Businesses now taking even longer to pay their bills - survey

Aug 2nd 2011, 1:03 PM 214 Views 2 Comments

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
# Opinion
# Opinion

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

Aug 1st 2011, 10:00 AM 7 Views 18 Comments

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
# Uh-Oh
# Uh-Oh

Central Bank scales down expectations for economic growth

Jul 29th 2011, 12:25 PM 254 Views 1 Comment

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
# Bailout
# Bailout

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

Jul 27th 2011, 1:00 PM 1,005 Views 32 Comments

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
# Budget 2012
# Budget 2012

Noonan warns bailout rate change won’t ease budget cuts

Jul 23rd 2011, 12:42 PM 376 Views 12 Comments

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
# Bilateral Bailout
# Bilateral Bailout

UK agrees to cut interest rate on bilateral Irish bailout

Jul 22nd 2011, 5:53 PM 640 Views 23 Comments

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
# Your Say

Poll: Are you happy with the new Eurozone deal?

Jul 22nd 2011, 11:32 AM 3,271 Views 39 Comments

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
# Eurozone
# Eurozone

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

Jul 22nd 2011, 10:13 AM 405 Views 0 Comments

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
# Bailout
# Bailout

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

Jul 21st 2011, 4:31 PM 475 Views 11 Comments

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
# Up In Smoke
# Up In Smoke

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

Jul 17th 2011, 4:06 PM 1,742 Views 44 Comments

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
# Germany
# Germany

Gilmore jets to Berlin to meet German counterpart over bailout talks

Jul 8th 2011, 9:23 AM 167 Views 1 Comment

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
# Out Of Business
# Out Of Business

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

Jul 6th 2011, 4:00 PM 338 Views 2 Comments

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
# Opinion
# Opinion

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

Jul 4th 2011, 1:15 PM 504 Views 6 Comments

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
# Opinion
# Opinion

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

Jul 3rd 2011, 4:54 PM 71 Views 12 Comments

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
# Consumers
# Consumers

Consumer sentiment slips back to February levels

Jun 28th 2011, 2:36 PM 238 Views 2 Comments

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
# The Daily Fix

The Daily Fix: Thursday

Jun 23rd 2011, 8:02 PM 1,768 Views 9 Comments

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
# Growth
# Growth

CSO reports mixed bag for Ireland's growth

Jun 23rd 2011, 2:27 PM 248 Views 1 Comment

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
# Greece
# Greece

Ireland faces €200m hit if Greek economy crumbles

Jun 22nd 2011, 4:43 PM 1,015 Views 32 Comments

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
# Bailout 2?
# Bailout 2?

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

Jun 20th 2011, 7:30 PM 809 Views 11 Comments

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
# Jobs
# Jobs

Unemployment rate revised downward for first three months of 2011

Jun 16th 2011, 3:05 PM 316 Views 6 Comments

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'
# Default
# Default

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

Jun 16th 2011, 10:09 AM 886 Views 6 Comments

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
# Budget 2012
# Budget 2012

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

Jun 9th 2011, 12:24 PM 848 Views 27 Comments

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