Ten key takeaways from the Central Bank bulletin

The was little to celebrate in the latest CBI report which found that economic activity remains well below pre-pandemic levels

3rd July, 2020
Ten key takeaways from the Central Bank bulletin
Mark Cassidy, the director of economics and statistics at the Central Bank of Ireland, said the bank expected 30,000 fewer new homes to be built over the next three years

The Central Bank of Ireland (CBI) has released its latest bulletin assessing the economic state of the country as we enter the third quarter of the year. Here are ten things we learned:

1. The economy bottomed out in April

Covid-19 caused an “unprecedented” global economic crisis which poses “unparalleled” challenges for policymakers, according to CBI. High-frequency data analysed by the bank show that economic activity has started to recover from the trough it...

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