Bring “steep recession”
In an odd sort of way, the Taoiseach was making a very reasonable point yesterday, when he stood up and told the country, in the Dáil, that the banks were not bailed out when his party last lead a Government. But rarely in Irish history can a reasonable point have been made in a more […]
The Hair and Beauty sector is contributing €2.79 bn to the economy’s GDP – but the Government will drive more customers into the already significant black market, if it does not do the right thing on VAT in the upcoming budget, according to the representative body HABIC (Hair & Beauty Industry Confederation). Already a burgeoning proportion of […]
New figures show that Britain has crashed into the worst recession in its history, with the country’s economy diving by 20.4% between April and June this year. Experts warn that the crash in Britain’s GDP for the April-June period is the worst since records began in 1955, with unprecedented drops in services, production and construction. […]
That’s all we need now, our old friends the Banks coming with the begging bowl. Which they will be, if things continue in this vein: Bank of Ireland slid into a loss in the first quarter as the Covid-19 crisis led to the group taking a €266 million loan impairment charge and racking up an additional […]
Will there be a major recession? John Aidan Byrne, a Business and Finance columnist at the New York Post, thinks so.