The chair of the State-owned broadcaster and energy company is moving from the challenge of justifying enormous profits to that of plugging large losses.
Irish PLCs are revealing what their businesses looks like in a year when no new virus, variant or war raised its head to disrupt them. It would be very rosy were it not for the stubbornly high interest rates.
Prices, interest rates, profits and wages are re-aligning before our eyes. As always in cases of high volatility, there will be winners and losers.
Whatever about the rest of Javier Milei's agenda, his presidency could go down as a massive success if he follows through on one of his plans: to scrap the Argentinian peso.
The future path of inflation is extremely difficult to forecast. Businesses are going to have to adapt to a new regime and wages are going to have to rise. We are facing a year of distributional discontent.
There is no reason for inflation to stop decreasing once it has hit the intended target. I think the major central banks may end up cutting rates sooner rather than later.
The things that happened last year, the predictions of the things that happened last year, and the predictions for the coming year.
Monetary policy is normalising, leaving us facing both opportunities and challenges in 2024. Let's hope for more of the former and less of the latter.
Moody’s decision to put the US on a negative watch was fully warranted, reflecting political dysfunction on an epic scale. The lack of any cohesive plan to deal with the US debt trajectory makes it more likely that other rating agencies will follow suit.
The first wind farm in Ireland’s race to 80% renewable power returned a 25% margin to its developer. Then the energy world changed.
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