We are living in the eddy current of Covid in so many ways. Major literature reviews are starting to come out showing just how damaging it was. Last week’s Central Bank’s Financial Stability Review revealed a suite of vulnerabilities in the economy. It is worth reading their summary, and then parsing it out a little. The Bank writes: “While continued domestic economic growth is expected, inflation remains high and short-term risks to the economy persist. Global economic weakness poses risks to Ireland through trade and FDI channels. The full effects of monetary policy tightening have yet to be transmitted to…
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