Archive for April 2024
Crafting a Resilient Financial Plan: Tips for Weathering Economic Volatility
In an ever-changing global economic landscape, where fluctuations have become the norm rather than the exception, the ability to craft a resilient financial plan is not just a skill but a necessity for businesses and individuals alike. Economic volatility, marked by rapid changes in market conditions, exchange rates, inflation, and interest rates, poses significant challenges.…
Read MoreBoth exports and imports fall in February – CSO
Ireland’s exports and imports fell in February, according to the latest figures from the Central Statistics Office. Goods exports in the month were worth €15.9 billion on an unadjusted basis, down more than €700m from the same time last year. Imports amounted to €10 billion, down more than €1.1 billion. Today’s CSO figures show that…
Read MoreGovt agrees to delay date of Patent referendum
The Government has agreed to defer the date for the referendum on the EU’s Unified Patent Court, Minister for Enterprise Peter Burke has confirmed. It was expected that the referendum would take place on 7 June, the same date as the local and European elections. “While the Government continues to believe that joining the UPC…
Read MoreMakhlouf expects that ‘all things equal’ the ECB will cut interest rates in June
The Governor of the Central Bank has said he expects that “all things equal” the European Central Bank will cut interest rates in June. However, Gabriel Makhlouf said he remains open-minded about the path which interest rates might take after that. “I think we’re pretty close to it now,” the Governor told CNBC in an…
Read MoreEuro zone inflation heading to 2% after ‘bumpy’ road – ECB’s Lane
Euro zone inflation is heading to the European Central Bank’s 2% target next year after a “bumpy” road that will see it hover near current levels for now, the ECB’s chief economist Philip Lane said today. “Even if the near-term inflation outlook is somewhat bumpy, the projected convergence of inflation to the target in 2025…
Read MoreGlobal cooperation needed around systemic risks from non-bank sector – Makhlouf
The Governor of the Central Bank has called for continued global coordination that will lead to progress in dealing with systemic risks arising from the non-bank sector. Gabriel Makhlouf said the existing regulatory framework provides a good starting point to deal with the issues, but has not been designed for this purpose. Speaking in Washington…
Read More‘Significant’ drop in job openings in first quarter
There was a “significant” drop in job openings in the first quarter of the year, according to the latest Quarterly Employment Monitor from recruitment firm Morgan McKinley. The research showed a 13.8% decrease in job openings compared with the previous quarter and a year-on-year decline of 29.6%. The first quarter of the year saw a…
Read MoreThe Impact of Global Economic Trends on Small Business Finance
In an era where economies are increasingly interconnected, global economic trends hold significant sway over the financial landscapes of small businesses. From fluctuations in exchange rates to shifts in global demand and supply chains, the ripple effects of these trends can profoundly influence the operational and financial stability of small enterprises. This article from KAAS…
Read MoreECB could cut rates more than three times in 2024 – Simkus
The European Central Bank could cut interest rates more than three times this year and the reductions should not be held back if the US Federal Reserve delays its own cuts, Lithuanian policymaker Gediminas Simkus said today. Simkus, making some of the most dovish comments since the ECB’s policy meeting on Thursday, also said the…
Read MoreIbec forecasts 2% growth but global uncertainty will weigh on Irish economy
Business group Ibec has said the Irish economy is still performing robustly, despite rising inflation and higher interest rates. In its first Quarterly Economic Outlook for the year, Ibec is forecasting growth in GDP of 2% this year and 3.4% in 2025. The report forecasts higher growth in exports, investment and it said the overall…
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