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US job market resilient in May despite Trump tariffs

The United States added more jobs than analysts expected in May even as hiring cooled, government data showed today, a resilient showing amid growing scrutiny over the effects of US President Donald Trump's widespread tariffs

Business • 06 Jun

The report says falls in prices are only now starting to feed through to customers

Research predicts economic growth of up to 3% in 2024

Ireland's technical recession may have passed, a new analysis has predicted.

Business • 21 Dec 23

The IMF said the impact of Covid-19 on low income households was 'particularly acute'

IMF lowers 2020 growth forecasts again

The International Monetary Fund has further lowered its forecasts for global economic growth this year, as economies were more negatively impacted than expected and the recovery was more gradual than forecast.

Business • 24 Jun 20

The country's GDP grew by 1.7% in the third quarter, new CSO figures show

Economy sees GDP growth of 1.7% in third quarter

The economy - as measured by gross domestic product - grew by 1.7% in the third quarter of this year from the second quarter, new CSO figures show.

Business • 13 Dec 19

An ageing population will keep the euro zone's growth potential under pressure, the European Central Bank has said

Euro zone growth potential recovered from crisis lows

The euro zone's growth potential has recovered from lows hit during the debt crisis but remains below its pre-crisis level and an ageing population will keep it under pressure, the European Central Bank said today.

Business • 05 Nov 18

The US-China trade war and tightening financial conditions would trigger the next downturn, a Reuters poll of economists suggest

Global growth outlook for 2019 dims for first time

The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the US-China trade war and tightening financial conditions would trigger the next downturn.

Business • 22 Oct 18

Ireland's economy has outperformed everywhere in Europe since 2014

Economy grew by 2.5% in second quarter - CSO

The country's gross domestic product rose by 2.5% in the second quarter compared to the first to stand 9% higher than a year ago, new Central Statistics Office figures show.

Business • 13 Sep 18

The euro zone economy grew by 0.4% in the first quarter of 2018

Slowing euro zone growth confirmed in first quarter

The euro zone economy grew by 0.4% in the first quarter of this year compared to the previous three-month-period, the European statistics agency said today.

Business • 07 Jun 18

GDP in the euro zone expanded by 0.4% in the first quarter, a preliminary flash estimate shows today

Euro zone economic growth slows in Q1 as expected

Economic growth in the euro zone slowed as expected at the start of 2018, EU statistics agency Eurostat said in its preliminary flash estimate.

Business • 02 May 18

Davy's economic growth forecasts for this year and next are higher than the Central Bank's and Department of Finance

Davy Stockbrokers eye growth of 5.7% for this year

Stockbroker Davy has raised its outlook for the country's economic growth for this year and next.

Business • 30 Apr 18

China's economy grew at a slightly faster than expected pace of 6.8% in the first three months of 2018

China posts strong first quarter growth of 6.8%

China's economy grew at a slightly faster than expected pace of 6.8% in the first quarter, buoyed by strong consumer demand, healthy exports and robust property investment.

Business • 17 Apr 18

The Irish economy is the EU's fastest-growing economy for the fourth year in a row

Ireland fastest growing economy in European Union again

The economy grew by 7.8% of GDP last year, according to preliminary estimates from the Central Statistics Office, making it the European Union's fastest-growing economy for the fourth year in a row.

Business • 15 Mar 18

Economic growth in the euro zone hit 2.5% last year

Euro zone economy growth hits highest in decade

Growth in the euro zone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels of expansion not seen since before the financial crisis, according to figures released today.

Business • 30 Jan 18

The changes mirror revised forecasts released by leading German institutes last week

Germany revises economic growth forecast upwards

The German government has increased its forecast for economic growth in 2017 to 1.9% from an earlier forecast of 1.5%, the domestic Handelsblatt newspaper has reported, citing unnamed government sources.

Business • 06 Oct 17

French economy boosted by more consumer spending

France's second-quarter gross domestic product grew by 0.5% compared to the previous quarter, in line with earlier official estimates.

Business • 22 Sep 17

Consumer spending fell by 1.1% in the second quarter, new CSO figures show

Economy grew by 1.4% in Q2, up 5.8% on annual basis

Overall economic output or GDP rose by 1.4% between April and June compared to the first quarter, new figures show today.

Business • 15 Sep 17

Growth for the first quarter was revised down to a 1.2% rate from the previously reported 1.4% pace

Consumers, businesses lift US economic growth in Q2

The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, confirming that the sluggish performance early in the year was temporary.

Business • 28 Jul 17

Australia's GDP rose by just 0.3% in the first quarter of the year

Australia's economy ties record for longest expansion

Australia's economy squeezed out just enough growth last quarter to match the Netherlands' record of 103 quarters without recession.

Business • 07 Jun 17

Italy's economy grew 0.4% in the first three months of 2017 due to firm domestic demand

Italy sharply revises up first quarter GDP growth

Italy's economy grew 0.4% in the first quarter thanks to firm domestic demand, national statistics bureau ISTAT said today.

Business • 01 Jun 17

India removed all 500 and 1,000 rupee notes from circulation as a necessary strike against corruption

India's annual growth slows to 7.1% after note ban

India's growth slowed to 7.1% last year, according to official data released today, weaker than analysts expected but still the fastest rate of growth of any major economy.

Business • 31 May 17

Canada's housing growth was largely due to strong resale activity in the Toronto area

Canada's first-quarter economic growth leaps to 3.7%

Canada's economy roared back to life in the first three months of this year, as more business and household spending pushed growth to 3.7%, the government's statistical agency said today.

Business • 31 May 17

Davy Stockbrokers now predicting GDP growth of 5% for this year

Davy upgrades economic forecast to 5% for this year

Stockbroker Davy has upgraded its outlook for the year and is now forecasting GDP growth of 5%, up from its previous forecast of 3.7%.

Business • 08 May 17

Euro zone economy outperforms US with robust start

The euro zone economy started the year with robust growth that far outstripped that of the US, preliminary estimates from the European statistics agency showed today.

Business • 03 May 17

CSO to measure the economy by a new measure - the adjusted gross national income (GNI)

CSO to phase in new way of measuring growth

The Central Statistics Office said it will modify how it measures gross national income to gauge the true health of the economy after recent revisions made recognised data points problematic.

Business • 03 Feb 17

Davy also suggested the country's economy grew by 4.8% last year, which was weaker than it had expected

Davy downgrades its economic growth forecast

Financial advisory firm Davy has forecast GDP growth of 3.7% this year for Ireland - a slight downgrade on its previous prediction.

Business • 16 Jan 17

Economic Growth