Growing pains: Central Bank warns of overheating pressures
The regulator’s report echoes recent warnings that Ireland is reliant on a relatively small number of companies for a large chunk of its corporation tax revenue
The Central Bank’s latest report on the Irish economy and the financial system has highlighted the risks posed by Brexit, high debt levels, changes in international corporate tax arrangements and a turn towards protectionism.
The bank’s first macro-financial review of 2018 gives an overview of the Irish financial situation and identifies potential risks to the finances of government, businesses and households.
It says the Irish economy is growing substantially, and acknowledges that progress has been made in reducing public and private debt – and in lowering the level of non-performing loans in the banks. But the bank adds thatstrong growth in itself gives rise to potential risks.
