The bank’s forecast that the domestic economy will grow by 6.4 per cent this year as a whole, some two percentage points more than previously predicted, is driven by an easing of Covid-19 restrictions earlier in the year and a surprise jump in business investment in the second quarter. That was down to a one-off spike in electrical machinery purchases – mainly related to the production of computer chips.
“There remains upside risks to the inflation forecast and downside risk to the growth forecast,” it said. “Much of the slowdown in growth forecast in the second half of this year and early next year is contingent on currently high energy prices stabilising, alongside a smooth transition to more sustainable energy supply.”
Still, the strong recovery in the labour market following the worst of the pandemic – with a record 2.55 million in employment as of the middle of this year, according to Central Statistics Office data – is likely to lead to ongoing wage growth in the coming years, according to the report.
We need as a majority of working class people start our own banking system laws need to be changed & our government overthrown . The Rothschild's vanguards & BlackRock family need to knocked from their pedestals.1% rule needs to end .
We all know it's coming you clowns.
What's surprise! (NOT?)
A recession is here, no one is buying this ballix.
We are already in a recession. Let's close the stable door after the house has bolted
Spoiler alert, we’re already in one.
“Conspiracy theorist granny killers” told you this would happen in March 2020.
I'm no expert in economics but I feel like the population could have absorbed a bit of inflation if the housing market wasn't rogue 🤔
Recession Is a lovely way of saying a total global economic collapse (already in full swing) (completely man made) let the Hunger games begin
But seemingly not : “Lower growth next year but no recession - Central Bank”
Fianna fail and fine geal lead the country Into a recession, well I have to say I'm shocked. They must be looking to buy more rental properties to keep unregistered
De boom is gedding boomier.
And in other news......... The met office say its possible rain will affect western coastal areas sometime this month 🙃
wow, how did they work that out. They must be so smart and I hope they are. very well paid for doing this amazing work
They have been warning this for the last year
Wouldn’t be a FF/G led government of Ireland weren’t in a recession in fairness.. consistency is key.
No way, really? We're like in the middle of it, ya know?
Lockdowners: Oh the economy
There’s 6 billion in the exchequer for a rainy day according to MichealMartinTD that should avoid any recession. But as the WorldBank WANTED WHO CREATED and China lab MANUFACTURED covid to safe the banks - the banks will WANT to CREATE and MANUFACTURE a recession bsatards
The Central Bank of Ireland is a criminal cartel. Major shareholder is the Rothschild family. They have been manipulating the financial sectors in most countries around the world for well over a century. If they are saying this, it means they’re planning it. This is a warning ⛔️
A quarter ago, the CBI said no recession but slowing growth 🤭🤔
Hey Central Bank 👇
I am shocked I tell ya, shocked. Some have been warning about this for 2.5 years and faced nothing but abuse from media. I hope you go to the wall
Lies, and gobbledygook economics.
ih8evrybdy Well I never. I wonder why.🤓
ih8evrybdy Lockdown’s.
Ireland has taken 54,000 welfare-dependent Ukrainians along with thousands of welfare-dependent 'Asylum Seekers' who are going to cost a lot of increase in taxes for working Irish people when recession hits bad. This Govt is criminally negligent to inflict this burden on Ireland.
Course there's going to be a recession and you can blame the Irish Government. Alot of business owners cannot power their business. Knock-on effect will reverberate for years to come. Another mass emigration on the way.
Which definition of recession are we using today? The normal one or the White House one?
i remember when people said this would happen at the beginning of the covid lockdowns and they were labelled as '' far-right '' and '' fascists ''
Potential? Wow, is this misinformation or just a lie?
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