A preliminary estimate from the Central Statistics Office today shows that gross domestic product (GDP) contracted by 1.3% in the fourth quarter of 2024 from the previous three months, but was 6.3% higher than the same quarter the previous year. The Government has long cautioned against using GDP to accurately measure economic growth as it […]
Spain’s economy expanded a stronger-than-expected 3.2% in 2024, by far outperforming its euro zone peers’ sputtering economies, preliminary data from the National Statistics Institute showed today. Economy Minister Carlos Cuerpo said on Monday the government would raise its forecast for this year above the 2.4% following the release of the annual data, which was buoyed […]
Technology stocks regained some ground today with chipmaker Nvidia up about 2.5% in early trading, a day after it suffered the biggest one-day market capitalisation loss in history, and traders moved back out of safe-haven currencies into the dollar. On Wall Street, the mood was calmer than it was on Monday, with the S&P 500 […]
Revenue’s Collector General says Revenue will work with businesses negatively impacted by storm Éowyn. Joe Howley said Revenue understands that many of those impacted are not in a position to file returns because they do not have power, or may be facing longer term problems if their businesses have been damaged. “We will be pragmatic […]
Euro zone banks tightened firms’ access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed today, reinforcing the case for more interest rate cuts as the economy slows. Lending growth has been broadly stagnant for most of 2024 as the long-awaited economic recovery […]
The share of Irish job postings on hiring platform Indeed offering remote or hybrid work rose to a record high at the end of December 2024. Indeed’s Jobs & Hiring Trends Report found that 17.5% of posting mentioned remote or hybrid, a level that is more than four times that recorded prior to the Covid […]
New research from the Central Bank shows that the total value of fraudulent payments rose by 26% in 2023, increasing to €126m from €100m in 2022. But today’s research also reveals that the rate of fraud in Ireland as a share of all transactions is low – by value and by volume the rates are […]
Technology Ireland, the Ibec group representing the tech sector, has called for the appointment of a Minister of State for Digital Delivery. Based in the Department of an Taoiseach, the new role would have interdepartmental responsibility and would be tasked with overseeing digital policies and programmes. It is contained in Technology Ireland’s Policy Priorities Roadmap […]
Widespread adoption of artificial intelligence (AI) in Irish business remains low at just 6%, according to new research. PwC’s GenerativeAI (GenAI) Irish Business Leaders’ survey shows that 67% of respondents confirmed that they are either at the testing or partial implementation stages of AI adoption, up from 47% in June 2024. 86% of Irish business […]
A total of 30,330 homes were built in 2024, a decrease of 6.7% on 2023, according to figures from the Central Statistics Office. The latest figures from the CSO show the number of apartments completed in 2024 was 8,763 – a drop of 24% on the previous year. The number of single dwellings built was […]
