Dan O'Brien: A number of ifs and buts could yet cloud Central Bank's rosy forecast – Business Post

Dan O'Brien: A number of ifs and buts could yet cloud Central Bank's rosy forecast – Business Post

January 31, 2022
Trusted Business Journalism
The outlook for a return to normal appears comparatively good, but Omicron’s impact has the potential to squeeze global economic activity throughout 2022
Your columnist spent a decade plugging numbers into models to predict how economies would perform in the future. We all have our regrets in life.
Economic forecasting is of some value in calm times when economies are humming along smoothly. It is of less value in a time of pandemic, when the world lives under the constant threat of new virus variants which risk putting everything and every one back to square one.
Much uncertainty…

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Central Bank governor says the state has to ‘make its own judgment’ on whether a debt forgiveness scheme for pandemic-afflicted firms is appropriate
The financial regulator said it has revised upwards its forecasts for growth and employment due to the strength of the Irish economy
Central Bank governor Gabriel Makhlouf said inflation had been higher in Ireland than across the euro area to date and added that this was likely to continue
Ireland is a reasonably well-functioning country by European standards, but you wouldn’t think it to listen to the rising number of ‘failed staters’
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