Eoin Burke-Kennedy reports on a “tale of two economies”, whereby a booming export market has somewhat compensated for drastic losses in domestic sectors including tourism, hospitality, the arts and construction, which have been among the worst hit in Europe. Analysing the report’s findings, Burke-Kennedy writes about Ireland’s two economies: one that is uber-rich and driving forward at breakneck speed, and another that is lagging behind and caught in a sequence of boom and busts. Eoin Burke-Kennedy reports. And finally, Fiona Reddan’s popular Money Matters column returns today, asking why Ireland’s house prices remain so high, despite the pandemic. Stay up to date with all our business news: sign up to our business news alerts and our Business Today daily email news digest.

Source: The Irish Times October 07, 2020 05:37 UTC