Tanaiste Warns of Risk of Stagflation to Irish Economy

Inflation could reach 6.7% under ‘severe scenario’ – report

Tánaiste and Finance Minister Simon Harris warned there is a risk of stagflation in the Irish economy.

Tanaiste warns of risk of stagflation to Irish economy

Mr Harris said the country’s growth forecast would actually have been upgraded if Iran had not been bombed

Warning energy crunch puts Ireland’s economy at risk of rare combination of high inflation, high unemployment and low growth

The country is at risk of “stagflation” – where slow economic growth is combined with rising inflation – as the energy crunch brought about by the war in the Middle East hits.

Energy shock to push inflation higher as Government warns of rising risks

Ireland’s economic outlook has been revised against the backdrop of a renewed global energy shock, with the Government warning that higher prices and geopolitical uncertainty will weigh on growth in the near term. In its latest Summer Economic Statement, the Department of Finance said the global economy is now facing a second major energy price disruption in less than five years, driven by instability in the Middle East and its impact on energy …