BusinessEconomyEuropeFeaturesFinanceGlobal IssuesPoliticsSocietyWorld

Dark economic clouds foreshadow the storm yet to come

Cantillon / When government pandemic supports are eventually removed, some businesses will go

This week has brought a slew of economic data and indicators that don’t paint a pretty picture.

  • The Irish Times

On Tuesday the exchequer figures showed that the pandemic had punched a €21 billion hole in the public finances.

Remarkably (given that the jobless rate is running at 20.4 per cent) income tax receipts were down only 1 per cent.

Fortunately, we are able to borrow at negative rates from bond investors – the National Treasury Management Agency raised €5.5 billion this week – to…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button