Thursday July 2, 2020

Crunch tightens its grip on the economy

The effects of the banks’ reluctance to lend money can be felt throughout the economy as businesses try to go about their day-to-day affairs with less cash flow.

2nd August, 2008

The effects of the banks’ reluctance to lend money can be felt throughout the economy as businesses try to go about their day-to-day affairs with less cash flow.

A year after it started, the credit crunch is clearly having a major impact on lending to the property sector. But what is its impact on the wider economy?

Central Bank figures show a sharp fall-off in lending growth, with the annual rate of increase falling...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago