Dan O’Brien: Suddenly, we are living in a world where risk is everywhere | Business Post

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International conflicts earlier this century hardly registered at all with the Irish economy. But with energy prices driving inflation and food prices rising even before the outbreak of war in Ukraine, it’s different this time, writes danobrien20.

A US soldier walking past ‘Down Bush’ anti-US graffiti in Tikrit in Iraq in 2003. There was much debate about how the toppling of Saddam Hussein could destabilise or remake the entire Middle East region.

In early 2003, your columnist was commissioned to write a report on the potential economic consequences of the US-led invasion of Iraq. There was much debate about how the toppling of Saddam Hussein could destabilise or remake the entire Middle East region. Either way, it was predicted that energy prices would increase and be more volatile. The opposition of big European countries to the invasion, most notably France and Germany, was talked about as the biggest...

 

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danobrien20 ..but that’s what sells

danobrien20 Irish economy forecast to grow this year, next year and in 2024, with ‘full employment’ and inflation falling back to around 2%. Unfortunately always sees a cloud in every silver lining..

danobrien20 Certainty is an illusion, the only way to secure another period of uneventful calm in the future is to take transformative action now on climate change and biodiversity loss.

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