Fed holds rates steady, expects moderate economic growth next year
The US Federal Reserve has held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely. Moderate economic growth and low unemployment are expected to continue through next year’s presidential election, it said. The decision by the Fed’s rate-setting committee left the benchmark overnight lending rate in its current target range between […]
ESRI in warning over corporation tax windfall levels
The ESRI has warned that any reduction in windfall levels of corporation tax will have a significant impact on the public finances, which could require the Government to implement austerity policies. Because of this danger, it advises that the windfall portion of the corporation tax take should be set aside to counter any shocks to the […]
US was country’s biggest export market in 2018
New figures from the Central Statistics Office show that Ireland exported a total €141 billion of goods in 2018 and imported €92 billion worth of goods. The country exported over €39 billion of goods to the US in 2018 – its largest export market. It also imported €17 billion from the US last year. The […]
US trade offensive takes out WTO as global referee
US disruption of the global economic order has reached a major milestone as the World Trade Organization (WTO) loses its ability to intervene in trade wars. This threatens the future of the Geneva-based body. Two years after starting to block appointments, the US will finally paralyse the WTO’s Appellate Body, which acts as the supreme court […]
34,000 new homes needed every year for next decade – Central Bank
A study from the Central Bank has found that 34,000 new dwellings will be needed each year for the next decade to keep up with demand. The demand for housing comes from a natural increase in the population and more people coming to live in the country. At the peak of the boom in […]