Economy in Ireland

  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Ulster Bank's chief economist in Northern Ireland welcomed the findings

    IRELAND, 2015/06/09 The month of May saw additional businesses reporting increase in both output and new orders than those that did not, according to the Ulster Bank's Purchasing Managers' Index (PMI). The index provides a benchmarked snapshot of the economic outlook. It as well found an increase in staff being hired last month. Richard Ramsey, Ulster Bank's chief economist in Northern Ireland, welcomed the findings: "The new survey offers encouragement, next a disappointing start to the year, with firms presently reporting a significant development in business conditions," he said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • New Labour leader should keep party in power until 2016, Tánaiste says

    IRELAND, 2014/05/28 Tánaiste Eamon Gilmore has said his successor should keep Labour in Government until the end of its mandate in 2016 but said it was clear that the Coalition needs to renewed and economic recovery must be felt by the people. “I think that we have to heed very clearly the message that the people of the country gave to both Government parties, particularly to the Labour Party,” he said. “I think there is a determination on the part of both parties to complete the job to ensure that the Irish economy is fasten but as well that the benefits of that economic success are felt by people.” Mr Gilmore was speaking this afternoon in Brussels as he arrived for conference of European socialist leaders in advance of a informal summit tonight of EU heads of national and government.

  • Economy is on the way back up, says Hamilton Finance Minister

    IRELAND, 2013/09/06 Speaking to business leaders at the CBI's Chairman's Dinner, Simon Hamilton said the region is in the "foothills" of recovery and is heading in the right direction. "Recent signs about the national of the local economy have been encouragingly positive," he said. "Unemployment has fallen below the UK average again. Business activity across all sectors is up according to the Ulster Bank Purchasing Managers Index. And home prices are on the rise again.
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