There were fears of a recession before the Pandemic, it stalled and the last eighteen months there have been fears of one still due to the ongoing impact of it.
The likelihood of a new recession are almost 100%, because they happen, but, whether it hits in 2023, 2024 or 2034 is mere speculation.
Shir we had one of those last year
Wasn’t there a brief, albeit shallow recession around 2001/2?
The whole point of the low interest rates after the dotcom bubble was to stave off a recession, but low rates in turn diverted excess cash towards borrowing for property speculation.
The economist had a front page around 2005 highlighting how property debt was driving the global economy.
Most likely we are headed for a recession in both the US and EU, there has already been a lot of job cuts, and macro data suggests manufacturing and new orders are falling also.
But, it certainly wont just be Ireland, problems will look different country to country, but this is a global trend.
We’re always heading for a recession
Without looking I bet it’s a case of Betteridge’s law strikes again.
Ugh, stupid on the one hand, on the other hand article.
Boom and Bust, it’s the way we roll.
[deleted]
The USA is about to default. We’re completely fucked if that happens.
The next 2 weeks are critical.
As rent consumes greater and greater percentages of income, the economy becomes more and more fragile as families are unable to save money to deal with emergencies.
Even minor reductions in the economy will be very painful as a result.
Id say the next two weeks will tell alot.
Jesus, is it that time of the week again….
It’s Saturday and warm, Ireland is heading to the pub
Currently too much money in the world , we heard the same narative coming into this year, now it’s early 2024.
I dont think its happeneing for another few years, all that money printed through covid doesnt just disappear, the Us is printing again due to some banks failing.
Recession talk is all just a big smoke screen
This shit country never left it, we just literally snorted and drank any wealth we ever had.
But hey one man rent is one man salary.
Hopefully we are, a recession would bring down inflation and prices
Definitely, we are technically within a domestic recession, but the inflation is usually a big indicator of incoming recession.
It’s a rather unique situation though as the supply and demand usually follow certain trends around recessions & inflation but because the supply is so disproportionate we aren’t seeing prices dropping yet. Houses are a great indicator of the state of the economy.
This will be downvoted because Redditors are dumb brats
Maybe, but not quite like the last time.
Any *‘recession’* is going to be a result of the raised interest rates, central banks will go for a soft landing to bring about reduction in inflation and more modest growth rather than a full blown economic implosion.
Ya best start believing in recessions Miss Turner, you’re in one!
Headin to yer ma
Ireland is a recession.
If the headline is a question, the answer is no.
Global recession was on the cards after all the post Covid inflation from printing money left and right, the current spate of us banks collapsing will make it worse, and if they default on their debt that’ll be the nail in the coffin of the global economy for another 5 years. Poxy capitalism.
Well, good article, a repeat of 2008 is super unlikely, but it may hit with a mini-recession for sure.
25 comments
There were fears of a recession before the Pandemic, it stalled and the last eighteen months there have been fears of one still due to the ongoing impact of it.
The likelihood of a new recession are almost 100%, because they happen, but, whether it hits in 2023, 2024 or 2034 is mere speculation.
Shir we had one of those last year
Wasn’t there a brief, albeit shallow recession around 2001/2?
The whole point of the low interest rates after the dotcom bubble was to stave off a recession, but low rates in turn diverted excess cash towards borrowing for property speculation.
The economist had a front page around 2005 highlighting how property debt was driving the global economy.
Most likely we are headed for a recession in both the US and EU, there has already been a lot of job cuts, and macro data suggests manufacturing and new orders are falling also.
But, it certainly wont just be Ireland, problems will look different country to country, but this is a global trend.
We’re always heading for a recession
Without looking I bet it’s a case of Betteridge’s law strikes again.
Ugh, stupid on the one hand, on the other hand article.
Boom and Bust, it’s the way we roll.
[deleted]
The USA is about to default. We’re completely fucked if that happens.
The next 2 weeks are critical.
As rent consumes greater and greater percentages of income, the economy becomes more and more fragile as families are unable to save money to deal with emergencies.
Even minor reductions in the economy will be very painful as a result.
Id say the next two weeks will tell alot.
Jesus, is it that time of the week again….
It’s Saturday and warm, Ireland is heading to the pub
Currently too much money in the world , we heard the same narative coming into this year, now it’s early 2024.
I dont think its happeneing for another few years, all that money printed through covid doesnt just disappear, the Us is printing again due to some banks failing.
Recession talk is all just a big smoke screen
This shit country never left it, we just literally snorted and drank any wealth we ever had.
But hey one man rent is one man salary.
Hopefully we are, a recession would bring down inflation and prices
Definitely, we are technically within a domestic recession, but the inflation is usually a big indicator of incoming recession.
It’s a rather unique situation though as the supply and demand usually follow certain trends around recessions & inflation but because the supply is so disproportionate we aren’t seeing prices dropping yet. Houses are a great indicator of the state of the economy.
This will be downvoted because Redditors are dumb brats
Maybe, but not quite like the last time.
Any *‘recession’* is going to be a result of the raised interest rates, central banks will go for a soft landing to bring about reduction in inflation and more modest growth rather than a full blown economic implosion.
Ya best start believing in recessions Miss Turner, you’re in one!
Headin to yer ma
Ireland is a recession.
If the headline is a question, the answer is no.
Global recession was on the cards after all the post Covid inflation from printing money left and right, the current spate of us banks collapsing will make it worse, and if they default on their debt that’ll be the nail in the coffin of the global economy for another 5 years. Poxy capitalism.
Well, good article, a repeat of 2008 is super unlikely, but it may hit with a mini-recession for sure.