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Davy upgrades GDP growth forecast for 2020 to 5.5%

Stockbrokers Davy have revised upwards their GDP growth forecast for 2020 to 5.5% from 4.1% previously. Davy said the upgrade came on the back of strong foreign direct investment, expansion in the multinational sector and an exceptional export performance. The new forecasts puts Davy well above official projections including the Central Bank’s estimate of 4.3% […]

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Economic growth set to continue in 2020 but at a reduced rate

The Irish economy looks set to register strong growth again in 2019 with GDP likely to increase by almost 6 per cent in the current year. While certain multi-national related transactions are distorting the headline figures, the large increase in taxation receipts and the continued strong performance of the Irish labour market means the underlying […]

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Top 10 commercial property megadeals in 2019

When the total volume of investment in Ireland’s commercial property market hit a record €4.6 billion in 2014, any expectations of that figure being surpassed anytime soon were few and far between. Just five years on, however, the consensus within the industry is that a new benchmark of around €5 billion will be set. While […]

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Monthly unemployment rate remains unchanged from October 2019

The seasonally adjusted unemployment rate for November 2019 was 4.8%, remaining unchanged from October 2019 and down from 5.6% in November 2018. The seasonally adjusted number of persons unemployed was 117,800 in November 2019, compared to 117,700 in October 2019. When compared to November 2018, there was an annual decrease of 17,600 in the seasonally […]

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Employment increases by 2.4% in year to Q3 2019

There was an annual increase in employment of 2.4% or 53,700 in the year to the third quarter of 2019, bringing total employment to 2,326,900. This compares with an annual increase of 2.0% or 45,000 in employment in the previous quarter and an increase of 3.0% or 66,700 in the year to Q3 2018. CSO […]

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Residential property prices rise by 1.1% in the year to September

Residential property prices increased by 1.1% nationally in the year to September. This compares with an increase of 2.0% in the year to August and an increase of 8.5% in the twelve months to September 2018. In Dublin, residential property prices decreased by 1.3% in the year to September – house prices decreased by 1.5% […]

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Monthly unemployment rate of 4.8% October 2019

The seasonally adjusted unemployment rate for October 2019 was 4.8%, down from 4.9% in September 2019 and down from 5.7% in October 2018. The seasonally adjusted number of persons unemployed was 117,300 in October 2019, compared to 118,100 in September 2019.  When compared to October 2018, there was an annual decrease of 19,400 in the […]

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Dunnes keeps top spot in supermarket rankings

Brexit and the recent wet weather failed to dampen consumer confidence here over the last few weeks as grocery sales grew by 3.3% in the 12 weeks to October 6. New figures from Kantar show that Dunnes has now been the country’s biggest retailer for a full year as it increased its market share of […]

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Ibec reports we are now at the top of the global business cycle

Ibec, the group that represents Irish business, today published its new Q3 Quarterly Economic Outlook, which forecasts GDP growth of 4% in 2019. The Outlook says we are now at the top of the global business cycle, with Irish households clearly benefitting from strong growth. This growth dividend has increased real, after-tax household income in […]

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Over 300,000 jobs linked to Foreign Direct Investment in Ireland in 2017

Foreign Direct Investment in Ireland 2017, a thematic publication exploring the impact of FDI and globalisation, shows over 300,000 jobs are directly linked to foreign investment into Ireland. Despite a decrease of €54bn in the stock of Foreign Direct Investment into Ireland between 2016 and 2017, at €744bn (253% of GDP) investment still remains high […]