Fears of tourism numbers, fintech investment falling and will there be a house price correction? – The Irish Times
Internal industry data shows that representatives of the tourism sector have cut their projections for the recovery of the industry in the coming years, even if the government retains its special 9 per cent VAT rate in this month’s budget. Mark Paul has the details.
Investment in the Irish fintech sector fell by more than 70 percent in the first half to $259 million (€258.8 million), down from a drop in large individual deals that had driven last year’s record numbers, according to a new report. Joe Brennan reports
Here a new thing companies could do, write Pilita Clarkhire someone to answer the phone and communicate with your customers.
It is difficult to justify talking about house prices declining or the property market cooling when inflation is still running at 13 percent, writes Eoin Burke-Kennedy. All we can say for now is that house price growth is slowing. Where the trend goes depends on a number of factors, not least the current inflation dynamics.
The European Central Bank’s chief economist Philip Lane presented the case at the weekend at the Dublin Economic Workshop for incremental interest rate increases from now until next year to fight inflation, saying that moving too quickly “basically means a very big recession.” Joe Brennan reports.
Our housing delivery continues to fall far short of the targets every year, writes Michael McElligott, CEO of Tetrarch Homes, in our opinion slot We are told that supply is coming, but even as supply increases, so does demand as we continue to miss our targets. The more worrying reality is that the numbers used to prepare our development plans are wrong, and have been for some time.
Dr Anthony Leddin, Head of Economics at the Kemmy School of Business at the University of Limerick, said the Rebuilding Ireland Action Plan for Housing and Homelessness 2016-2021 had not solved the housing crisis and was not financially sustainable after costing €9.9 billion. Barry Roche reports from the Dublin Economics Workshop in Wexford.
A new employment survey by ManpowerGroup has shown that hiring intentions in Ireland’s technology sector have fallen dramatically. Rising interest rates, earlier high-volume campaigns and an early recovery after the pandemic have knocked confidence in the sector. So is this just a temporary blip or a sign of something more serious? John Galvin, CEO of ManpowerGroup and Una Fitzpatrick, Director of Technology Ireland join Cliff Taylor this spring Inside Business Podcast to discuss.
The recent dramatic increases in gas prices in Ireland and Europe, which are likely to lead to continued high energy bills for consumers, should ultimately drive change towards greater energy efficiency and decarbonisation of the energy supply. a leading economist has claimed. Barry Roche reports from the Dublin Economics Workshop.
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