Irish technology The Irish Times view on the latest exchequer returns: Better than expected

Key economic indicators remain deeply worrying, with the unemployment rate – accounting for people on the Pandemic Unemployment Payment – more than 26 per cent, and a €6.1 billion deficit in the exchequer finances emerging in the first five months of the year. The trends in the latest data are worthy of examination – they…

Irish technology The Irish Times view on easing restrictions: glimpsing light amidst darkness

It may be years before we can arrive at a definitive judgment as to the State’s handling of the Covid-19 crisis. We know that the gains we have made in the fight against the disease have come at an unavoidably high cost. Hundreds of thousands have lost their jobs, businesses have collapsed, children have lost…

Irish technology National accounts record the calm before the storm

Irish national accounts data have always been tricky to assess, but with the latest quarter covering a period before and after the pandemic hit, the latest figures show particularly divergent trends. The headline figure showing a 4.6 per cent year on year rise in GDP reflects the ongoing strength of the export sector, but is…

Irish technology Foodservice revenues could decline by 60% this year – forecast

Revenues in the Irish foodservice industry could collapse by as much as 60 per cent this year, according to a white paper published by Bord Bia. It suggests the impact of Covid-19 will be significant, with the market potentially experiencing a near €5 billion drop in turnover this year from €8.5 billion to €3.7 billion.…