Too much cash, too few homes – property prices in a pandemic

A multi-millionaire Australian property mogul controversially suggested a few years ago that if young people wanted to buy a house, they should stop buying avocado toast and expensive coffee. “When I was trying to buy my first home, I wasn’t buying smashed avocado for AU$19 (€12) and four coffees at AU$4 (€2.55) each,” Tim Gurner, […]

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Interest rates on State savings schemes to be reduced

The interest rates on several State savings schemes are to be reduced, the National Treasury Management Agency has announced. The changes will also impact the prize bond fund, which has been growing in popularity. Under the changes, the prize fund allocated to the bonds is to be cut, which will reduce the amount of prize […]

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Big consumer rebound expected after Q1 lockdown – Goodbody

The unleashing of €13 billion in household savings and significant pent-up demand will lead to a surge in consumer spending that will fuel a 5% growth in core domestic demand this year, new research from stockbroker Goodbody says. In his latest economic forecast, chief economist Dermot O’Leary predicts that domestic demand will fall between January and […]

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Salaries for in-demand skills to increase by up to 5%

Salaries for in-demand and emerging niche skill sets will increase by up to 5% this year, according to the Morgan McKinley Irish Salary Guide. The new guide shows that most salaries are likely to remain flat throughout 2021. Overall, in 2020, the market for professional talent was split 45% permanent and 55% temporary. According to Morgan McKinley, this […]

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Vaccine roll-out key to economic growth this year – Central Bank

The Central Bank has forecast that growth in the economy will pick up in the second half of this year, if there is a successful roll-out of the Covid-19 vaccination programme. It also warns, however, that despite the trade deal struck between the EU and the UK, barriers to trade and the movement of people […]

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Davy upgrades economic growth forecasts for 2021

Davy has upgraded its growth forecast for the economy for this year on the back of buoyant exports and multinational sector output, especially from the pharmaceutical and information and communications technology sectors. The stockbrokers have pencilled in GDP growth of 4.8% for this year, an increase from its earlier prediction of 3.8%. It is also predicting […]

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Davy upgrades economic growth forecasts for 2021

Davy has upgraded its growth forecast for the economy for this year on the back of buoyant exports and multinational sector output, especially from the pharmaceutical and information and communications technology sectors. The stockbrokers have pencilled in GDP growth of 4.8% for this year, an increase from its earlier prediction of 3.8%. It is also predicting […]

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Delivery costs for Northern Ireland-Britain trade set to rise, hauliers say

The cost of transporting goods to Britain from Northern Ireland is set to rise as a result of the new post-Brexit regulatory border between the two parts of the United Kingdom, haulage firms said today, with one planning to hike prices by 12%. While Britain left the EU’s single market and customs union on Dec 31, […]

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Delivery costs for Northern Ireland-Britain trade set to rise, hauliers say

The cost of transporting goods to Britain from Northern Ireland is set to rise as a result of the new post-Brexit regulatory border between the two parts of the United Kingdom, haulage firms said today, with one planning to hike prices by 12%. While Britain left the EU’s single market and customs union on Dec 31, […]

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