Ireland will not go into recession, but it will continue to be affected by inflation and the the war in Ukraine, economist John Fitzgerald has predicted. BKNT
That is according to John Fitzgerald, adjunct professor in economics at Trinity College Dublin, who warns that Ireland is"not immune" to the declining global economy.
"It looks as if it will still grow slowly next year, but it will be much slower than it would've been without the war in Ukraine, without the energy price crisis."The German economy is set to shrink slightly, with the United Kingdom in a prolonged recession."We've managed our finances better than some - certainly better than the United Kingdom", Prof Fitzgerald said."Wouldn't be hard.""Everybody knows they have less to spend because of inflation.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ireland should avoid recession as economy slows - Trinity professor'It looks as if it'll still grow slowly next year, but much slower than it would have.' Ireland’s economy is set to “worsen” – but we should avoid another recession. BKNT
Read more »
Nato and G7 condemn Moscow but do not blame it for deaths in PolandAll signs suggest Polish explosion was caused by air defence missile fired by Ukraine
Read more »
FIFA appeals for ceasefire in Ukraine during World CupThe president of FIFA said the World Cup could serve as a 'positive trigger' in the nearly nine-month Russian invasion of Ukraine.
Read more »
Russia-Ukraine war: UN accuses both sides of torturing prisonersHuman rights body cites examples of dog attacks, electric shocks and sexual violence
Read more »
Explosion kills two in Poland near Ukraine borderTwo people have died in an explosion in Przewodow, a village in eastern Poland near the border with Ukraine, firefighters said.
Read more »
Fifa boss Infantino urges World Cup ceasefire in UkraineInfantino tells G20 leaders’ lunch that month-long tournament in Qatar offers a unique platform for peace
Read more »