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Ireland’s economy faces deficit risk due to reliance on multinationals and unstable tax revenues, warns ESRI report.
Ireland’s economy faces heightened risks from global shocks due to its dependence on multinationals and volatile corporation tax revenues, a new ESRI report warns.
While growth remains strong, a €5 billion surplus could turn into a €13 billion deficit if tax income drops.
The report highlights vulnerabilities from a potential global slowdown, reduced competitiveness, or multinational departures.
Despite job and population gains, rapid growth has worsened the housing crisis.
Experts urge urgent investment in domestic firms, research, skills, and public infrastructure to build resilience ahead of long-term challenges like aging and climate change.
La economía de Irlanda se enfrenta a un riesgo de déficit debido a la dependencia de las multinacionales y a la inestabilidad de los ingresos fiscales, advierte el informe de ESRI.