What a difference a few weeks makes. Coming into the year, there was doom and gloom about economic prospects for 2023. But, the mood music seems to be changing.
Economic growth is holding up. Inflation continues to trend lower. Job markets remain strong. Energy armageddon was avoided. China’s economy is re-opening after ditching its zero-Covid policy. Forecasters like the IMF and EU Commission are beginning to revise up their predictions for growth this year. And, Ireland is still in a far better position than many European countries.
*** This article was first published at thejournal.ie on 26 February 2023 ***
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