Public Expenditure Minister Paschal Donohoe says he doesn’t believe a recession is on the cardsA recession, if it happens this year, will be a technicality. Yesterday, EU economy chief Paolo Gentiloni did his best to explain what is behind his staff’s less rosy assessment of the Irish economy. Yet many forecasters believe Ireland could avoid a recession. Using modified measures of growth, the Irish economy is set to expand. While public spending is holding up the domestic economy, it is set to slow by around two-thirds on last year, the Commission estimates.

Source: Irish Independent November 16, 2023 22:01 UTC