2023 sees end of economic boom but no sign of bust yet

News Snapshot:

The revision of national accounts data by the Central Statistics Office in early December confirmed the economy officially entered a recession this year. Just four days later, the revelation that €6.3 billion was collected in corporation tax in November, 27% more than in the same month last year, suggested that 2023's "recession" will be the most peculiar we have ever experienced. Coming out of 2022, the performance of Ireland's economy was so strong that it dragged up the overall growth of the euro zone. In fact, the erratic pull of our GDP numbers and figures for industrial output became the...