David Murphy

Economics and Public Affairs Editor

Minister for Finance Jack Chambers indicated that any new spending plan needs to take account of the shifting positions in Washington

Economy looks good but problems lurk beneath

As government formation talks continue, politicians have received the latest insight into the health of the economy. On the face of it, there is little to worry about, but beneath the surface it is a very different story.

Business • 06 Jan

The Department of Finance has warned that Ireland can not continue to rely on the "exceptional" taxes from a small number of highly profitable multinationals

Corporation tax increased by 18% last year to €28bn

Corporation tax increased by 18% last year to €28bn, according to the latest Exchequer Returns from the Department of Finance.

Business • 06 Jan

A group of international academics have criticised Teagasc for its support of a declaration by scientists advocating for the 'societal role' of meat

Teagasc criticised for advocating 'societal role' of meat

A group of international academics have criticised Ireland's state farm advisory service Teagasc for its support of a declaration by scientists advocating for the "societal role" of meat.

Business • 31 Dec 24

Residential construction has been disappointing this year

5 threats Ireland faces in 2025

Housing, Donald Trump, a new government, climate and an ageing population are five of the big issues facing Ireland in 2025, writes David Murphy

Business • 02 Jan

Residential property prices are 15.2% above their previous peak during the boom in April 2007, the CSO said today

Residential property prices up 9.7% in October - CSO

Property prices are continuing to increase and are up 9.7% in the 12 months to October, according to the latest figures from the Central Statistics Office.

Business • 18 Dec 24

Michael Lohan (right), CEO at IDA Ireland, and Minister for Enterprise Trade & Employment Peter Burke

Number of job projects won by IDA Ireland down on 2023

There has been a fall in the number of job projects secured by IDA Ireland this year compared to 2023, the agency said today.

Business • 17 Dec 24

Donald Trump's plans for tariffs and tax changes when he enters the White House could pose risks to the Irish economy, the Central Bank said

Trump tariff plans a risk to Irish economy - Central Bank

The Central Bank has warned of the risks to the economy from the Trump administration in the United States imposing tariffs and tax changes which would affect US multinationals in Ireland.

Business • 17 Dec 24

The Central Bank introduced rules to prevent borrowers taking on excessively large loans as they did in the last boom

Why it's foolish to ignore property market warnings

This week there was a sharp intake of breath across the nation when the news broke that the property market could be up overvalued by up to 10%.

Business • 14 Dec 24

The memory of the post Celtic Tiger property downturn is still fresh for thousands who struggled through the recession

No indication that house prices will stop rising

Ireland is not as exposed as it was during the last crash, but any warning about property prices being overvalued has to be taken seriously, writes David Murphy.

Analysis and Comment • 12 Dec 24

The ESRI said an increasing number of households are carrying high levels of mortgage debt, which would leave them vulnerable in the event of a rise in unemployment or a fall in wages

House prices overvalued by up to 10%, ESRI warns

Irish property prices are overvalued by 8% to 10%, according to the Economic and Social Research Institute in its latest Quarterly Economic Commentary.

Business • 12 Dec 24