L’economia dell’Irlanda si è appena ridotta per la prima volta dal 2023
https://www.bloomberg.com/news/articles/2025-07-28/ireland-s-economy-just-shrank-for-the-first-time-since-2023
di WearingMarcus
L’economia dell’Irlanda si è appena ridotta per la prima volta dal 2023
https://www.bloomberg.com/news/articles/2025-07-28/ireland-s-economy-just-shrank-for-the-first-time-since-2023
di WearingMarcus
9 commenti
It’s hardly a surprise. We knew the spike in GDP in early 2025 was largely driven by pharmaceutical stockpiling in advance of potential tariffs and would be temporary. That slowing down will have caused a decrease.
Now watch FFG become all of a sudden concerned with cost of living.
When the crash does come, its going to be carnage I feel.
Giant tech lay offs- with no come back as they will go to Ai.
Huge social welfare bill that the gov won’t be able to afford.
And a nice bit of social upheavel that play on what’s already happening.
We’re probably due a slowdown. Economy is unsustainably hot right now imo – as evidenced by the crazy prices and corresponding demand for everything.
I don’t want one, but I think it’s inevitable.
Only when the bad time comes, will people realise that now we are in the ‘good times’.
Our government has been throwing out money left right and centre the last few years and still we’re running a surplus.
Double welfare, pension increases, energy credits etc.
The reason the far right have gained traction in Europe is due to financial reasons and it’s the reason we haven’t had a populist party get into power here.
Everyone knows that GDP in Ireland has a weak link to the state of the actual economy. A 1% drop is about as meaningful as the 7.4% increase in the previous quarter.
Absent other data to the contrary, Ireland’s economy didn’t shrink, just like it didn’t grow 7.4% last quarter. Ireland’s GDP shrank, and GDP is not the economy.
Ah, the first GDP article of autumn, a couple of months early.
I think Q2 2025 was around 12% GDP growth, due to huge frontloading of exports to avoid tariffs.
That was always going to wave around wildly.
GNI* is the only important value, and that’s estimated to proceed on a stable and upwards climb at around 2% per year.
https://www.centralbank.ie/publication/quarterly-bulletins/quarterly-bulletin-q2-2025
Do people think that civil engineers will be as badly impacted this time if there is another recession?
I know the industry is intrinsically tied to the economy, but it’s a different environment currently to what it was in 2007, where if we continue to neglect infrastructure (housing/energy), it will cause further economic stagnation.
Either way I get absolutely nothing off this government so it doesn’t even matter. Taxed to the rafters and get absolutely nothing back so sick of hearing about this booming economy bullshit