Dr. Conor O'Toole
speaker
41 appearances
1 recordings
1 series
first heard Sep 2025
last heard Sep 2025
Dr. Conor O'Toole’s voice in public audio — every appearance, attributed to the second.
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Yeah, that's our current expectation.
I think there's a couple of factors feeding into that.
Certainly, it appears Ireland's economy has weathered the uncertainty around the tariff situation relatively well.
And again, with Ireland, it's always a tale of two economies, really.
We've got the domestic economy and we've got the multinational sector.
And if you look domestically, you know,
A couple of the indicators are still pointing in the right direction.
We've got strong household spending, strong employment growth, strong tax receipts.
So domestic economy is continuing to perform robustly at the present time.
But there are certainly some clouds in the outlook.
Yeah, so if you look at the inflationary series at present, the headline indicators have come back towards that 2% level, which is really what the ECB called price stability, their long-term target for inflation.
So overall, we had that big spike after COVID and then the Ukrainian war in terms of inflation, but that has come back.
Within that, though, there is a trend towards higher grocery inflation.
We do know that if you have food price increases, they affect lower income households more than other households.
So it is problematic distributionally.
So, yeah, within the inflationary basket, the overall headline is stabilised.
But there is that upward trend in food price inflation.
Yes, we still do have rises in real wages in the economy.
Certainly, if you look at the labour market, it's operating relatively robustly.
It's at capacity.
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