Michael McGrath: Ireland set for a ‘short and shallow downturn’ in the coming months

Michael McGrath believes that the Irish economy will experience a “short and shallow downturn” in the coming months.

The finance minister said he “expects the domestic economy to effectively move sideways” before a modest recovery. Addressing the Chartered Accountants Ireland annual dinner, McGrath said that as central banks have “brought the era of cheap money to a close” in response to inflationary pressures, the impact had been felt by mortgage holders, businesses and governments.

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Source: IrishTimes - 🏆 3. / 98 Read more »