Menu
30/10/2008
BoI Predicts Further Economic Contraction
The Irish economy is set to contract further next year, adding to current financial woes, according to the Bank of Ireland.
The bank’s latest quarterly projection has suggested national income will drop by almost 1.6% in 2008, which will represent the first decline since 1983.
Next year will also see further sharp declines in output, according to the bank, which has forecast falls in construction spend.
The Bank of Ireland suggested this decline in building appears certain at this stage.
Unemployment will hit 7% next year, which according to the bank will move the economy away from full employment for the first time in 10 years.
Full employment assumes a jobless rate of 167,000, and up until this year Ireland had enjoyed a decade of full employment.
(PR)
The bank’s latest quarterly projection has suggested national income will drop by almost 1.6% in 2008, which will represent the first decline since 1983.
Next year will also see further sharp declines in output, according to the bank, which has forecast falls in construction spend.
The Bank of Ireland suggested this decline in building appears certain at this stage.
Unemployment will hit 7% next year, which according to the bank will move the economy away from full employment for the first time in 10 years.
Full employment assumes a jobless rate of 167,000, and up until this year Ireland had enjoyed a decade of full employment.
(PR)
Related Irish News Stories
Click here for the latest headlines.
28 July 2009
Northern Confidence Rising, Says Bank
A new survey in the North has revealed a significant reduction in the number of people there who are pessimistic about their anticipated financial position over the coming year. Consumer confidence in Northern Ireland rose to its highest level in 10 months in June suggesting that economic stability is helping to shed some of the recessionary gloom.
Northern Confidence Rising, Says Bank
A new survey in the North has revealed a significant reduction in the number of people there who are pessimistic about their anticipated financial position over the coming year. Consumer confidence in Northern Ireland rose to its highest level in 10 months in June suggesting that economic stability is helping to shed some of the recessionary gloom.
31 July 2018
Central Bank Warns Economy At Risk Of 'Overheating'
The Central Bank of Ireland has warned of overheating pressures within the Irish economy as it moves towards full capacity. The Bank's latest Quarterly Bulletin of 2018 reports the economy is continuing to grow, with underlying domestic demand expected to grow by 4.4% in 2018 and 4.1% next year.
Central Bank Warns Economy At Risk Of 'Overheating'
The Central Bank of Ireland has warned of overheating pressures within the Irish economy as it moves towards full capacity. The Bank's latest Quarterly Bulletin of 2018 reports the economy is continuing to grow, with underlying domestic demand expected to grow by 4.4% in 2018 and 4.1% next year.
08 February 2019
ICT Apprenticeship For Govt Departments Launched
The Minister for Finance Paschal Donohoe has today announced the first ICT Apprenticeship Scheme for Government Departments and Offices. Anyone with an interest in undertaking a specialist scheme is encouraged to apply and gain the chance to work on digital initiatives across the civil service.
ICT Apprenticeship For Govt Departments Launched
The Minister for Finance Paschal Donohoe has today announced the first ICT Apprenticeship Scheme for Government Departments and Offices. Anyone with an interest in undertaking a specialist scheme is encouraged to apply and gain the chance to work on digital initiatives across the civil service.
14 June 2017
Ireland Elected Governing Body Of International Labour Organisation
Ireland has been elected to the Governing Body of the International Labour Organisation (ILO) as a full member in Geneva for a three year term. It is the first time Ireland has been a full member of the Governing Body of the ILO since joining the Organisation in 1923. The ILO is a United Nations Agency and the only tripartite UN agency.
Ireland Elected Governing Body Of International Labour Organisation
Ireland has been elected to the Governing Body of the International Labour Organisation (ILO) as a full member in Geneva for a three year term. It is the first time Ireland has been a full member of the Governing Body of the ILO since joining the Organisation in 1923. The ILO is a United Nations Agency and the only tripartite UN agency.
10 May 2012
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
