The economy is roaring along. Unemployment rates are so low amongst construction workers the number probably only includes guys who forgot to sign off that week. Savings rates have fallen from historic highs to trend, but this means households are spending a lot right now, and this is not nearly enough: The amount of dosh on deposit in Ireland’s banks has never been higher. Interest rate rises are cooling down the housing market, but not by nearly enough. The rate of capacity utilisation in manufacturing in Ireland is nearly 80 per cent – a sure sign the economy is roaring…

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