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Spain’s economy expanded a stronger-than-expected 3.2% in 2024, by far outperforming its euro zone peers’ sputtering economies, preliminary data from the National Statistics Institute showed today. Economy Minister Carlos Cuerpo said on Monday the government would raise its forecast for this year above the 2.4% following the release of the annual data, which was buoyed […]
Read More… from Spain’s economy outperforms euro zone in 2024 with 3.2% growth
A preliminary estimate from the Central Statistics Office today shows that gross domestic product (GDP) contracted by 1.3% in the fourth quarter of 2024 from the previous three months, but was 6.3% higher than the same quarter the previous year. The Government has long cautioned against using GDP to accurately measure economic growth as it […]
Read More… from GDP falls by 1.3% in fourth quarter, CSO preliminary estimate shows
Technology stocks regained some ground today with chipmaker Nvidia up about 2.5% in early trading, a day after it suffered the biggest one-day market capitalisation loss in history, and traders moved back out of safe-haven currencies into the dollar. On Wall Street, the mood was calmer than it was on Monday, with the S&P 500 […]
Read More… from US tech stocks, dollar rebound after DeepSeek-triggered selloff
Euro zone banks tightened firms’ access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed today, reinforcing the case for more interest rate cuts as the economy slows. Lending growth has been broadly stagnant for most of 2024 as the long-awaited economic recovery […]
Read More… from Euro zone banks tighten companies’ access to credit, ECB survey shows
Revenue’s Collector General says Revenue will work with businesses negatively impacted by storm Éowyn. Joe Howley said Revenue understands that many of those impacted are not in a position to file returns because they do not have power, or may be facing longer term problems if their businesses have been damaged. “We will be pragmatic […]
Read More… from Revenue says to work with businesses hit by storm Éowyn
The share of Irish job postings on hiring platform Indeed offering remote or hybrid work rose to a record high at the end of December 2024. Indeed’s Jobs & Hiring Trends Report found that 17.5% of posting mentioned remote or hybrid, a level that is more than four times that recorded prior to the Covid […]
New research from the Central Bank shows that the total value of fraudulent payments rose by 26% in 2023, increasing to €126m from €100m in 2022. But today’s research also reveals that the rate of fraud in Ireland as a share of all transactions is low – by value and by volume the rates are […]
Read More… from Fraudulent payments rise by 26% in 2023 – Central Bank
Technology Ireland, the Ibec group representing the tech sector, has called for the appointment of a Minister of State for Digital Delivery. Based in the Department of an Taoiseach, the new role would have interdepartmental responsibility and would be tasked with overseeing digital policies and programmes. It is contained in Technology Ireland’s Policy Priorities Roadmap […]
Read More… from Tech sector calls for Minister for Digital Delivery
Widespread adoption of artificial intelligence (AI) in Irish business remains low at just 6%, according to new research. PwC’s GenerativeAI (GenAI) Irish Business Leaders’ survey shows that 67% of respondents confirmed that they are either at the testing or partial implementation stages of AI adoption, up from 47% in June 2024. 86% of Irish business […]
Read More… from Widespread adoption of artificial intelligence in Irish businesses low – survey
The Irish property investment market is set to record over €3bn of transactions in 2025, according to commercial property specialists CBRE. Its latest report ‘Outlook 2025’ makes a number of predictions for each sector of the Irish property market in the year ahead. Last year, the market recorded over €2.4 billion of transactions, and CBRE […]
Read More… from Irish investment market to top €3bn in 2025, CBRE predicts
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