Commercial property and the two-speed economy
The corporate world is doing well, but the ‘real’ domestic economy is suffering – a dislocation which looks set to only increase further
While the Irish economy enjoyed an unprecedented recovery and subsequent growth cycle over the last decade, the emergence of what is commonly referred to as the “two-speed economy” has become increasingly pronounced.
Intangible assets, technology, pharmaceuticals and aviation leasing repatriations and asset transfers skewed headline GDP growth to unrealistic levels. Meanwhile, the underlying domestic or “real” economy moved along on an upward trajectory but at a more balanced rate.
As such, a growing dislocation emerged ...
