Rapid Recovery in Jobs Market Latest quarterly data from the CSO confirms what is widely reported that workers are getting increasingly scarce. The graph below shows data on the share of the eligible demographic (persons aged over 15 for participation rates and 15-74 for unemployment rates) who are in the labour market divided into those…
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A New Contagious Disease: Inflation
Latest Consumer Price Index from the CSO. As one contagion fades, another looms. This one is inflation and has the same infectious capacity as Covid. Unlike Covid it is not amenable to lock downs and there are no known vaccines. The attached graph shows that prices were pretty stable up until 2020 when the CPI began…
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Latest Economic Forecasts:
Roundup of Economic ForecastsThe table below gives the latest lineup of forecasts of the Irish economy. Health warning: with the exception of the Central Bank's latest, these are before Omicron put in an appearance. Of course, now that Omicron is fading, maybe they are back on track again! Generally, the Irish public is rather blasé…
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