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In this episode of the EY CEO Outlook podcast, Danny McCoy, CEO of Ibec, discusses with host Richard Curran his early influences, his approach to leadership, and his vision for Ireland's economy.Danny McCoy's career showcases a journey driven by a passion for economics and a deep understanding of Ireland's evolving socio-economic landscape. Growing up in Tuam, County Galway, during challenging economic times, he witnessed firsthand the effects of industrial decline and small business struggles, which shaped his interest in economics.After a successful academic and analytical career at institutions like the Central Bank, ESRI, and Oxford, Danny transitioned to a leadership role at Ibec, where he has championed Irish business and employers through times of economic uncertainty and growth.They also discuss:Background and Career Path: Danny grew up in Tuam and was influenced by the economic challenges of the 1970s and 80s. He was inspired by the role of economists and his love of business subjects, led him to study in Galway and future roles in the Central Bank, ESRI, and academia.Joining Ibec: Danny joined Ibec in 2005 and became CEO in 2009 during Ireland's economic recession. He worked hard to integrate the “business” aspect as a strong counterpart to the “employer” identity within Ibec.Leadership Challenges and Achievements: Danny was instrumental in turning around Ibec's finances, addressing a pension deficit which transformed Ibec into a sustainable organisation. Today, Ibec has a €50 million turnover organisation with 330 staff, 10 locations, and 39 brands. He was a strong advocate for optimism during Ireland's economic recovery in the late 2000s.Economic Views: He highlights the need to focus on real issues and long-term solutions, such as energy, infrastructure, and social policies. He controversially challenges the idea of a “cost of living crisis,” suggesting support should go to those who truly need it.Leadership Philosophy: Danny believes good leadership means making bold decisions, focusing on long-term goals, and prioritising lasting impact over short-term approval and follows the motto: "No good turn goes unpunished."Future Outlook: Danny emphasises challenges like housing, sustainable energy, and global economic shifts. And urges Ireland to use its resources wisely and plan responsibly for the future.
Robert Kelly, Director of Economics and Statistics at the Central Bank, discusses its latest bulletin which highlights the threat to the Irish economy posed by escalating global trade tensions.
In this exciting episode of Guerrilla History, we bring on the editor of the newly released The Lost & Early Writings of James Connolly: 1889 - 1898, a groundbreaking work that fits wonderfully within our Sources and Methods series of episodes. Dr. Conor McCabe has done an incredible job of piecing together part of the lost James Connolly writings, and showing Connolly's engagement and adherence with Marxism, applied within the Irish national context. You won't want to miss this conversation! This book was published by Iskra Books, which means that in addition to the book being available as a beautiful print edition, the PDF is also available for free at iskrabooks.org. Of course download the PDF, but do also consider picking up a physical copy to support Iskra in their project of publishing revolutionary works and making them as accessible and freely available as possible! Conor McCabe is a historian, author, and scholar specializing in labor history, Irish socialism, and radical political movements. His extensive research has brought new insights into the intersections of class, colonialism, and economic power in Ireland. In addition to the Connolly book discussed today, he also has written Sins of the Father: Tracing the Decisions That Shaped the Irish Economy and has multiple projects ongoing. Keep up to date with him on his website, and be sure to follow him on twitter @CMacCaba Help support the show by signing up to our patreon, where you also will get bonus content: https://www.patreon.com/guerrillahistory
The social value of GAA games is worth nearly €3 billion to the Irish economy, according to first-of-its-kind research published yesterday. To explain the findings was Professor Simon Shibli from Sheffield Hallam University.
The social value of GAA games is worth nearly €3 billion to the Irish economy, according to first-of-its-kind research published yesterday. To explain the findings was Professor Simon Shibli from Sheffield Hallam University.
With the general election campaign in full swing, political parties are making a range of spending promises as they attempt to sway voters. But all that could be in jeopardy following Donald Trump's US presidential win.John Deasy, former TD and former Irish government envoy to US Congress, and Dan O'Brien, chief economist at the Institute of International and European Affairs, join The Last Word to discuss what a Trump presidency will mean for Ireland's economy and diplomacy.Catch the full discussion by pressing the 'play' button on this page.
The value of Community enterprise is worth €1.8bn to the Irish economy. That includes innovation hubs and local enterprise centres. Community enterprise may not get the attention of the FDI sector but its usefulness to less urbanised parts of the country can't be underrated. Speaking to Joe this morning was Siobhan Finn the Chief Executive of the Community Enterprise Association.
David McWilliams, Economist and Author
Is the Irish inflation rate too low? All economists bar one or two say that the economy is over-heating. Could the opposite be true? Latest data certainly hints in that direction.Inflation disappoints, ever so slightly, in the US, where interest rate expectations have shifted again. The European interest rate outlook hasn't shifted at all - rates are coming down. Very soon.An important debate is to be had about whether or not pubs, restaurants and hotels need special treatment from the government.China would love some over-heating.Do we want to drive cars that are potentially controlled from Beijing? Or is that just science fiction? Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.
Expleo, a global engineering, technology and consulting service provider, has announced the results of new research, which found that 77% of businesses are preparing for a stronger Irish economy next year, while 74% are preparing for a stronger global one. The research is published in Expleo's Business Transformation Index (BTI) 2024, which is launched today. The study was carried out by Censuswide on behalf of Expleo among 202 business and technology leaders in medium- to large-sized enterprises on the island of Ireland. Its aim was to gain an understanding of how technology is helping enterprises to improve business outcomes, while lifting the lid on the obstacles to success. The research found that as a result of their economic optimism, more than half (57%) of businesses are expecting to grow in the next 12 months. This comes on the back of years of economic uncertainty and peak levels of inflation, with many companies in Ireland suffering from the fallout. Indeed, 55% of business and tech leaders surveyed in the BTI admitted that in the last 12 months, they have lost customers owing to economic concerns. However, just 28% expect to lose customers for the same reason over the next 12 months, suggesting a confidence among business leaders that economic growth is on the horizon. Supporting this optimism is the fact that 65% of business and tech leaders believe that Ireland is a good location for digital innovation. This is being buoyed by a greater commitment to sustainability and green tech innovation, with 65% of businesses also believing that it is helping stimulate growth. Phil Codd, Managing Director, Expleo Ireland, said: "Our Business Transformation Index provides a great insight into the optimism and resilience of business leaders in Ireland. Even though more than half of them lost customers last year, they are nevertheless preparing for better times ahead for them and therefore, our economy. "It's exciting to see that so many view Ireland as a favourable location for digital innovation and that the focus on sustainability is benefitting businesses here. While some had concerns that targets may stifle innovation, this marks a welcome change in attitude. We have seen phenomenal innovation in the name of sustainability in recent years and businesses are now experiencing the corollary benefits, both in terms of efficiency and customer sentiment." See more stories here.
Economist and commentator Chris Johns talks to Eamon about Budget 2025, the threats facing Ireland's economic stability, and the Tory Party leadership contest.Recorded on Thursday 3rd October 2024. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
The latest assessment of the health of the Irish economy from the Central Bank of Ireland suggests that the economy is performing well but bottlenecks are starting to hold future growth back and may even resuscitate the perception of inflation. And the central bank says that Ireland may need 20,000 more homes built per annum than are currently being constructed. It even provides some advice on how to solve the nations seemingly intractable problem. Joining Joe this morning was Dr Robert Kelly is the Director of Economics and Statistics with the Central Bank of Ireland.
AIB's Senior Economist John Fahey, and AIB Treasury's Stuart Banks talk through the latest news and expectations for interest rate decisions and movements in markets with the September round of central bank meetings.Visit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2
The Department of Transport is facing increased pressure to ensure Shannon Airport's available space is utilised amid capacity issues at Dublin. Minister James Lawless is due to meet Ryanair CEO Michael O'Leary today to discuss alternative options over warnings that airfares will hit record levels this Christmas, with airlines forced to divert from Dublin due to the airport's controversial passenger cap. Last year, Dublin Airport accounted for 85% of all Irish air traffic and welcomed just below 32 million passengers, while this year Shannon remains on course to welcome 2 million passengers for the first time since 2009. Shannon Sinn Féin Councillor Donna McGettigan insists the imbalance is severely hindering tourism and economic growth in this county.
AIB's Senior Economist John Fahey, and AIB Treasury's Cormac Cunnane discuss the volatile moves in markets after the August round of central bank meetings, and break down the latest market expectations for September interest rate cuts and movements in currencies.Visit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2
AIB's Senior Economist John Fahey and AIB Treasury's John Heffernan review anticipated potential interest rate cuts for the year and market expectations for the upcoming ECB, Bank of England and Federal Reserve meetings.Visit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2
Over 240 Aer Lingus-operated flights from Wednesday to Sunday Next week are to be cancelled. Industrial action is to be undertaken by the Irish Airline Pilots Association (IALPA) over pay disputes. With many flights inbound from North Atlantic and Europe cancelled those in the Irish tourism industry especially in rural areas are fearing the worst. As well as business the cancelled flights will also hurt those looking to travel and sadly to those set to get married. Anton was joined by Gerry Byrne aviation journalist, Clare Dunne- The Irish Travel Agents Association CEO, and general manager of Buswell's Hotel in Dublin, Padraig O'Ceidigh, owner founder Aer Lingus regional and former senator, Bridal Shop owner Laura Erskine and bride to be Dolores Flynn to discuss the impact of the strike.
While geopolitical risks continue to be a concern, the Irish economy remains stable, with some earlier worries now easing. This is the assessment from the Central Bank of Ireland in its latest financial stability review. Joe spoke with Deputy Governor Vaz Madouros to explore whether Ireland is experiencing a "goldilocks" phase in its economy.
AIB's Senior Economist John Fahey and AIB Treasury's Jane Kavanagh discuss the latest Irish Purchase Managers Index reports for the Manufacturing and Service sectors, trends in inflation and growth in the sectors and what these mean for the Irish economy. Visit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2
With voting in the EU and local elections starting in 12 days, many parties have claimed that Ireland is in a ‘cost of living crisis'. But are we? Unemployment is at record lows, real incomes which take account of inflation are up and the economy is growing robustly. But prices soared in the shops and forecourts in 2022 and much of last year and they have not retreated back to where they were so people feel poorer. With neutral voice on the health of the Irish economy Conor O'Toole from the ESRI joined Joe on the show this morning.
Minister for Finance, Michael McGrath’s keynote address at The Global Economic Summit. Minster McGrath talks about the Irish Economy and the two funds he has set up to deal with future economic crashes.
The Minister for Finance warned yesterday that up to a third of jobs in the Irish economy might be at risk from AI. He stressed though that it doesn't mean rampant unemployment but rather how and where we work might change in future. One company which has hitched its wagon to AI is the cloud computing business ServiceNow which has just taken the top 4 floors of the new landmark Dawson St office block in Dublin. Joining Joe on the show was Mark Cockerill, Senior Vice President for Legal affairs at ServiceNow.
AIB's Chief Economist David McNamara, and AIB Treasury's John Heffernan breakdown the latest Irish Purchase Managers Index reports for the Manufacturing and Service sectors and what the diverging industry reports mean for the Irish Economy.Visit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2
Economist and commentator Chris Johns joins Eamon to talk about the US economy, its influence on the world economy and the impact of China's property crash.Recorded on Tuesday 19th March 2024. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
From the BBC World Service: On Friday, Ireland votes on whether to change a clause in the constitution that says a woman's main duties are as a caregiver in the home. In this special from Dublin, women from different backgrounds speak about their experiences and opportunities in the workplace. We’ll hear their perspectives from Bewley's, a tea room where the Irish Women's Liberation Movement first met.
From the BBC World Service: On Friday, Ireland votes on whether to change a clause in the constitution that says a woman's main duties are as a caregiver in the home. In this special from Dublin, women from different backgrounds speak about their experiences and opportunities in the workplace. We’ll hear their perspectives from Bewley's, a tea room where the Irish Women's Liberation Movement first met.
Professor Stephen Kinsella, Head of the Department of Economics at the University of Limerick and chief economic writer at The Currency
A new report has found that Shannon Airport Group delivers a major contribution of almost four billion euro to the economy and supports over 20,300 jobs. The analysis, independently produced by economic advisory firm Oxford Economics, is being launched at an event at Shannon Airport today, attended by Minister of State at the Department of Transport, Jack Chambers. It found that Shannon Airport is an enabler of trade through the facilitation of imports and exports, and that tourism facilitiated by the airport is a major contributor to Irish GDP. The report makes a number of recommendations, however, including that the Government should update aviation policy to help it achieve long term growth targets set out in Project Ireland 2040. Author of the report Neill McCullough from Oxford Economics has been telling Clare FM's Fiona Cahill that aviation policy is preventing Shannon Airport from reaching it's full potential.
Analysis from our Economics Correspondent Robert Shortt.
Oil rich countries have long used sovereign-wealth funds to store their windfall profits from periods of high prices for future years when hard times might arise. Ireland on Tuesday created its own sovereign wealth fund thanks to outsize tax revenues from international companies seeking to lower their tax bills. In the past eight years, the country of five million people has watched its corporate tax income triple to the tune of 22.6 billion euros last year, equivalent to almost $24 billion—giving it a budget surplus last year of a comfortable €8 billion euros.According to GDP per capita statistics, Ireland is the wealthiest country in the world. Could this be true?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show
The Irish economy is expected to fall into a recession this year and the Government may have less cash to spend in the Budget than it thought. That's the warning in an economic forecast published by the Economic and Social Research Institute this morning.Economist, Austin Hughes spoke to Newstalk Breakfast.
The Irish Economy needs to make space for genuine progress on housing. So says Former Chair of the Fiscal Advisory Council and Lecturer in Economics at UCC, Seamus Coffey who joined us this morning on the show.
Latest data and forecasts for the Irish economy suggest 'growing but slowing'Unemployment is forecast to stay very low - essentially an economy at full employmentUnemployment in many countries is forecast to stay low, despite low or no growth. That's because labour markets have been puzzlingly tight for years. Are we just extrapolating the recent past and forgetting that unemployment could rise?Bond markets expect rate cuts next year. They won't get thise without a rise in unemployment, which few, if any, forecasters expect.Somebody is getting this wrong.If I was Finance Minister for a day!Surely realpolitik dictates less prudence now in exchange for more prudence post-election? The Central Bank & IFAC both call for prudence NOW, arguably handing the election to Sinn Fein - who will be anything but prudent with the public finances. A big UK inflation surpriseNot such a big surprise: Sunak reveals himself to be a grubby climate change denier. Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.
The effect of increasing VAT rate on the Irish Economy with Restaurant Owner Anthony Gray
Economist, commentator and podcaster Chris Johns talks to Eamon about the Irish and British economies. Also the media treatment of the tragic story of BBC broadcaster Huw Edwards. Recorded on Friday 14th July 2023. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
Irish economic growth is still looking relatively strong but with multinational activity slowing, it can be hard to see the wood through the trees when it comes to making an accurate assessment of where the Irish economy stands in real terms. Joining Bobby to help demystify all of this is John Fitzgerald, Adjunct Professor in the Department of Economics at Trinity College Dublin.
On this week's episode of Inside Business with Ciarán Hancock, Chief Economist at Davy, Conall MacCoille, explains why labour shortages and capacity pressures are putting the brakes on growth in some sectors here. And Irish Times Economics Correspondent Eoin Burke-Kennedy runs through the headline details from both the exchequer receipts and the Summer Economic Statement. Hosted on Acast. See acast.com/privacy for more information.
Paul McAuliffe, Fianna Fáil TD for Dublin North-West; Ruairí Ó Murchú, Sinn Féin TD for Louth; Dr. Jennifer Kavanagh, Lecturer in Law at the South East Technological University; Sinead O'Carroll, Editor at the Journal.ie
John Fitzgerald, Research Affiliate with the Economic and Social Research Instute, on his paper which highlights the contribution of multinationals to the Irish economy and Irish wages.
The European Central Bank has its raised borrowing costs by a quarter of a percent, to their highest level in 22 years. They've also left the door open to more hikes - citing the continued fight against inflation. Kieran was joined by Dan O'Brien, chief economist of the Institute of International and European Affairs to discuss
But worries persist about the health of the US. Hosted on Acast. See acast.com/privacy for more information.
Economist and podcaster Jim Power joins Eamon to talk about the Irish economy and the challenges facing the hospitality sector. Also how stable is our economy and where are the threats?Recorded on Monday 3rd April 2023. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
The current generation have never had it so good. Discuss. Hosted on Acast. See acast.com/privacy for more information.
We hear from our Economics Correspondent, Robert Shortt.
Sometime in the 18th century, the world began to grow at much faster rate. Economic Historians have debated the reasons for this Industrial Revolution, but it almost certainly has to do with the growth of technology and a culture of scientific inquiry. Joel Mokyr is both an economist and a historian. He is also a professor of both Economic and History at Northwestern University. In addition, Joel has authored several books on history and the economy over the years. His latest book, A Culture of Growth: The Origins of the Modern Economy, is about how science and technology evolved in ways that reinforced each other.Joel and Greg discuss the connections between the industrial and scientific revolutions and between scientific discovery and technological adaptation. They discuss the decline of the guilds in England and the subsequent diffusion of English artisans and mechanics accross Europe They also discuss Darwin not being a darwinian, and how Caldwell'ss law leads to the decline in growth.Episode Quotes:Apprenticeship in Britain42:07: Engineers, mechanics, chemists, and technicians of any kind, whether they're carpenters, blacksmiths, or millwrights, are not produced in schools. They are not produced in universities. They're produced by other artisans through personal contact, which is called apprenticeship, and apprenticeship is all over the world. This is how people were trained, and what happens in Britain is, for historical reasons, apprenticeship worked much better than anywhere else.What makes the study of society complicated?28:15: The study of society is infinitely more complex and difficult because we humans are damn complicated creatures, and our minds have some level of complexity that defies anything that the quantum theorist can think about. So, in principle, we can, and we've made some progress in understanding certain things about society. Where it gets difficult is utilizing that kind of knowledge. Our power over natures keeps on increasing but our wisdom in handling that power is not26:30: There's something we can learn from the evolutionary people, which is yes, there is progress in certain dimensions and not others. And part of the problem is that these dynamics are not in sync with one another. And that creates these equilibria. It creates all kinds of trouble. And that is, to some extent, the great dilemma of the modern age: power over nature keeps increasing, but our wisdom and benevolence in handling that power is not.Show Links:Recommended Resources:Francis BaconRobert GordonStephen Jay GouldSteven PinkerDouglass NorthBarry R. WeingastFriedrich HayekMilton FriedmanJames WatsonCardwell's LawThe Narrow CorridorGuest Profile:Faculty Profile at Northwestern University (Department of Economics)Faculty Profile at Northwestern University (Department of History)Profession Profile at The British AcademyProfessional Profile on NobelPrize.orgProfessional Profile on CIFARHis Work:Articles on AeonThe Lever of Riches: Technological Creativity and Economic ProgressThe British Industrial Revolution: An Economic Perspective (American & European Economic History) 2nd EditionA Culture of Growth: The Origins of the Modern Economy (Graz Schumpeter Lectures)The Gifts of Athena: Historical Origins of the Knowledge EconomyThe Economics of the Industrial Revolution (Routledge Revivals) The Enlightened Economy: An Economic History of Britain 1700-1850 (The New Economic History of Britain seri) Why Ireland Starved: A Quantitative and Analytical History of the Irish Economy, 1800-1850 (Economic History)
A debate about which health system is in worse shape Hosted on Acast. See acast.com/privacy for more information.
The Smart 7 Ireland Edition is the daily news podcast that gives you everything you need to know in 7 minutes, at 7am, 7 days a week… Consistently appearing in Ireland's Daily News charts, we're a trusted source for people every day. If you're enjoying it, please follow, share or even post a review, it all helps… Today's episode includes references to the following items: https://www.rte.ie/news/2022/1215/1341946-peacekeeper-death-lebanon/ https://twitter.com/i/status/1603368337312223232https://twitter.com/i/status/1603399892516454400 https://twitter.com/i/status/1603319669301153792 https://twitter.com/i/status/1603337514420473861https://collecttrumpcards.com https://twitter.com/i/status/1603340606650036225 https://twitter.com/i/status/1603354946975547392 https://twitter.com/i/status/1603272391701897216 https://twitter.com/i/status/1603435213316653059 Contact us over at Twitter or visit www.thesmart7.com Presented by Ciara Revins, written by Liam Thompson and produced by Daft Doris. Hosted on Acast. See acast.com/privacy for more information.
The Economist opines on sex. Hosted on Acast. See acast.com/privacy for more information.
We speak to Dr Eddie Casey, Chief Economist & Head of Secretariat with the Irish Fiscal Advisory Council
Stephen Kinsella, Professor of Economics at the University of Limerick, analyses the IMF's advice to government.