Robert Shortt

Economics Correspondent

2023's 'recession' may be the most peculiar the Irish economy has ever experienced

2023 sees end of economic boom but no sign of bust yet

The revision of national accounts data by the Central Statistics Office in early December confirmed the economy officially entered a recession this year.

Business • 23 Dec 23

'Too early to declare victory over inflation' - Lane

The chief economist of the European Central Bank, Philip Lane, has said it's too early to declare victory 'in any way' over inflation and that he expects headline inflation to temporarily increase this month.

Business • 20 Dec 23

The economy is now set on a lower growth path because global trading conditions have worsened

Central Bank predicts economy will shrink this year

The Central Bank has become the latest economic forecaster to predict that the economy will shrink this year.

Business • 19 Dec 23

The annual rate of inflation slowed to 3.9% in November from 5.1% in October

Inflation slows to 3.9% in November from 5.1% - CSO

The annual rate of inflation fell to 3.9% in November, new figures from the Central Statistics Office show today.

Business • 14 Dec 23

The ESRI now expects the economy measured by GDP to shrink by 2.7% this year before bouncing back next year.

ESRI further downgrades economic growth forecast

The Economic and Social Research Institute has further downgraded its forecast for growth in the economy this year.

Business • 14 Dec 23

The fiscal council says the Government is at risk of repeating the mistakes of the past

IFAC accuses Govt of 'fiscal gimmickry' in Budget

The Irish Fiscal Advisory Council has accused the Government of "fiscal gimmickry" and "poor budgeting" in its formal response to October's Budget.

Business • 07 Dec 23

Corporation tax came in at €6.3bn in November

Public finances transformed due to corporate tax leap

In October, the amount of corporation tax collected by the Exchequer was down approximately €1bn or 45% on last year. The amount in the year to date was a little less horrifying €435m or 2.7% down, writes Economics Correspondent Robert Shortt.

Analysis and Comment • 05 Dec 23

Just over €6 billion was collected in corporation tax, an increase of €1.3 billion or 27%, on last year.

Corporation tax take in November up 27% on last year

Corporation taxes recovered strongly in the month of November, helping the Exchequer to deliver a surplus of €5.4 billion.

Business • 05 Dec 23

The economy, as measured by gross domestic product, fell by 1.9% in the three months to the end of September, new CSO figures show

Latest CSO figures confirm economy in recession

Figures today from the Central Statistics Office confirm that the economy is in recession, as the economy - as measured by gross domestic product (GDP) - fell by 1.9% in the three months to the end of September.

Business • 01 Dec 23

The annual rate of inflation fell to 2.3% in November from 3.6% in October, the CSO's flash reading shows

Annual rate of inflation slows to 2.3% - flash reading

The annual rate of inflation fell to 2.3% in November, according to the latest "flash estimate" from the Central Statistics Office.

Business • 29 Nov 23