Economy
Evidence of increasing insolvency rates, Central Bank deputy governor warns
Mark Cassidy’s comments come after the regulator last week said the Irish economy is entering a period of ‘considerable’ economic slowdown
There is some evidence that insolvency rates are now beginning to rise from extraordinarily low levels since the outbreak of the Covid-19 pandemic, Mark Cassidy, acting deputy governor at the Central Bank of Ireland, has said.
“Businesses are facing dual pressures of rising wage and rising non-labour costs. Understanding how businesses are responding to this situation is particularly important for the outlook for consumer price inflation, employment and overall economic growth,” Cassidy said.
“In some ...
