Warnings of a looming recession are “not quite as alarming as some of the headlines are suggesting”, according to a leading economist.
A new ESRI report this morning warned that Ireland is facing a 'sharp' and 'widespread' fall in growth in the final months of this year due to rising prices and a fall in exports.
“We do have a quite a significant slowdown this year in its forecast, but you know, it's largely due to the multinational sector and to a lesser extent … the impact of inflation. “We still have significant funds,” he said. “There is still a significant surplus and that's still in the ESRI report.
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