Despite low unemployment rates, robust fiscal returns, and an economy operating at its maximum potential, it doesn’t seem that Ireland has been plunged into a recession. Nonetheless, the latest data from the Central Statistics Office (CSO) indicates a 3.2 per cent GDP (gross domestic product) contraction in the economy in 2023. Is this a cause for concern?
In this in-depth analysis of Ireland’s current economic situation, host Ciarán Hancock is accompanied by Cliff Taylor and Eoin Burke-Kennedy.
Additionally, in the same episode of ‘Inside Business’, Ciara O’Brien, who covers Business and Technology for the Irish Times, delves into Apple’s confrontation with the EU over a whopping €1.8 billion penalty for violation of competition law. This substantial fine represents a mere 0.5pc of Apple’s yearly revenue. Ciara further examines the implications of the EU’s nascent ‘Digital Markets Act’ for technology behemoths like Apple.
The production is composed by John Casey, with JJ Vernon handling the audio.