July 2024
The Central Bank of Ireland recently published the
annual pre-budget letter from Governor Gabriel Makhlouf to the Minister for Finance.
Governor Makhlouf said: The Irish economy has rebounded well from the economic effects of the pandemic and Russia’s invasion of Ukraine, Swift domestic policy action was a major contributor to this rebound, with little sign of scarring.
The economy has moved to a new phase as activity is expected to be broadly in line with its medium-term potential.These generally favourable conditions provide a good backdrop for attention to turn more decisively towards strengthening that economic growth potential.Budget 2025 and the medium-term direction for fiscal policy that Government must set are key to achieving this.
Find out more
here.