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Stats 📊+ lots of craic!🤣
Stats 📊+ lots of craic!🤣
👨🏻💻Source: Permanent TSB/ESRI house price index (pre-2006), CSO (2006 on)
December 7, 2024 at 10:13 PM
👨🏻💻Source: Permanent TSB/ESRI house price index (pre-2006), CSO (2006 on)
2021: +8.3% 📈 Post-Pandemic Surge
2022: +12.3% 🚀 Strong Gains
2023: +3.1% 📉 Softening Market
2024: +10.0% 📈 Resurgence in Growth
2022: +12.3% 🚀 Strong Gains
2023: +3.1% 📉 Softening Market
2024: +10.0% 📈 Resurgence in Growth
December 7, 2024 at 10:13 PM
2021: +8.3% 📈 Post-Pandemic Surge
2022: +12.3% 🚀 Strong Gains
2023: +3.1% 📉 Softening Market
2024: +10.0% 📈 Resurgence in Growth
2022: +12.3% 🚀 Strong Gains
2023: +3.1% 📉 Softening Market
2024: +10.0% 📈 Resurgence in Growth
2018: +6.4% 🔄 Moderate Growth
2019: +2.3% ⚖️ Slowing Momentum
2020: +0.3% 🟰 Stabilized Market
2019: +2.3% ⚖️ Slowing Momentum
2020: +0.3% 🟰 Stabilized Market
December 7, 2024 at 10:13 PM
2018: +6.4% 🔄 Moderate Growth
2019: +2.3% ⚖️ Slowing Momentum
2020: +0.3% 🟰 Stabilized Market
2019: +2.3% ⚖️ Slowing Momentum
2020: +0.3% 🟰 Stabilized Market
2013: +2.7% 📊 Early Recovery
2014: +16.8% 🚀 Housing Market Boom
2015: +8.9% 📈 Continued Recovery
2016: +6.4% 🔼 Steady Growth
2017: +10.9% 💥 Sharp Increase
2014: +16.8% 🚀 Housing Market Boom
2015: +8.9% 📈 Continued Recovery
2016: +6.4% 🔼 Steady Growth
2017: +10.9% 💥 Sharp Increase
December 7, 2024 at 10:13 PM
2013: +2.7% 📊 Early Recovery
2014: +16.8% 🚀 Housing Market Boom
2015: +8.9% 📈 Continued Recovery
2016: +6.4% 🔼 Steady Growth
2017: +10.9% 💥 Sharp Increase
2014: +16.8% 🚀 Housing Market Boom
2015: +8.9% 📈 Continued Recovery
2016: +6.4% 🔼 Steady Growth
2017: +10.9% 💥 Sharp Increase
2008: -6.9% ⚠️ Decline Begins
2009: -19.2% 📉 Major Crash
2010: -13.5% 📉 Continued Downturn
2011: -16.2% 📉 Deep Recession
2012: -13.8% 📉 Significant Decline
2009: -19.2% 📉 Major Crash
2010: -13.5% 📉 Continued Downturn
2011: -16.2% 📉 Deep Recession
2012: -13.8% 📉 Significant Decline
December 7, 2024 at 10:13 PM
2008: -6.9% ⚠️ Decline Begins
2009: -19.2% 📉 Major Crash
2010: -13.5% 📉 Continued Downturn
2011: -16.2% 📉 Deep Recession
2012: -13.8% 📉 Significant Decline
2009: -19.2% 📉 Major Crash
2010: -13.5% 📉 Continued Downturn
2011: -16.2% 📉 Deep Recession
2012: -13.8% 📉 Significant Decline
2003: +13.8% 📈 Sustained Growth
2004: +8.6% 🏡 Stable Gains
2005: +9.3% 🌟 Moderate Growth
2006: +14.9% 🏠 Housing Boom
2007: +7.5% ⚖️ Plateau
2004: +8.6% 🏡 Stable Gains
2005: +9.3% 🌟 Moderate Growth
2006: +14.9% 🏠 Housing Boom
2007: +7.5% ⚖️ Plateau
December 7, 2024 at 10:13 PM
2003: +13.8% 📈 Sustained Growth
2004: +8.6% 🏡 Stable Gains
2005: +9.3% 🌟 Moderate Growth
2006: +14.9% 🏠 Housing Boom
2007: +7.5% ⚖️ Plateau
2004: +8.6% 🏡 Stable Gains
2005: +9.3% 🌟 Moderate Growth
2006: +14.9% 🏠 Housing Boom
2007: +7.5% ⚖️ Plateau
1998: +29.8% 💥 Exceptional Growth
1999: +17.9% 📈 Strong Performance
2000: +21.3% 🚀 Surging Growth
2001: +4.4% 🔄 Slower Expansion
2002: +13.3% 📊 Healthy Increase
1999: +17.9% 📈 Strong Performance
2000: +21.3% 🚀 Surging Growth
2001: +4.4% 🔄 Slower Expansion
2002: +13.3% 📊 Healthy Increase
December 7, 2024 at 10:13 PM
1998: +29.8% 💥 Exceptional Growth
1999: +17.9% 📈 Strong Performance
2000: +21.3% 🚀 Surging Growth
2001: +4.4% 🔄 Slower Expansion
2002: +13.3% 📊 Healthy Increase
1999: +17.9% 📈 Strong Performance
2000: +21.3% 🚀 Surging Growth
2001: +4.4% 🔄 Slower Expansion
2002: +13.3% 📊 Healthy Increase
6️⃣ Takeaways 🎯
Ireland’s economy is performing well, but over-reliance on corporation tax & unchecked spending pose risks. Saving more windfalls, addressing long-term challenges like ageing & climate change, & improving infrastructure efficiency, Ireland can secure a more sustainable fiscal future.
Ireland’s economy is performing well, but over-reliance on corporation tax & unchecked spending pose risks. Saving more windfalls, addressing long-term challenges like ageing & climate change, & improving infrastructure efficiency, Ireland can secure a more sustainable fiscal future.
December 6, 2024 at 2:57 PM
6️⃣ Takeaways 🎯
Ireland’s economy is performing well, but over-reliance on corporation tax & unchecked spending pose risks. Saving more windfalls, addressing long-term challenges like ageing & climate change, & improving infrastructure efficiency, Ireland can secure a more sustainable fiscal future.
Ireland’s economy is performing well, but over-reliance on corporation tax & unchecked spending pose risks. Saving more windfalls, addressing long-term challenges like ageing & climate change, & improving infrastructure efficiency, Ireland can secure a more sustainable fiscal future.
5️⃣ Rethink Budget Processes 💡:
• Adjust health spending ceilings to account for predictable ageing-related costs.
• Adopt medium-term fiscal planning to ensure realistic long-term policies.
• Adjust health spending ceilings to account for predictable ageing-related costs.
• Adopt medium-term fiscal planning to ensure realistic long-term policies.
December 6, 2024 at 2:57 PM
5️⃣ Rethink Budget Processes 💡:
• Adjust health spending ceilings to account for predictable ageing-related costs.
• Adopt medium-term fiscal planning to ensure realistic long-term policies.
• Adjust health spending ceilings to account for predictable ageing-related costs.
• Adopt medium-term fiscal planning to ensure realistic long-term policies.
4️⃣ Replace Fossil Fuel Taxes 🌱:
• Develop alternative revenue sources as EV adoption and renewable energy growth erode existing tax bases.
• Develop alternative revenue sources as EV adoption and renewable energy growth erode existing tax bases.
December 6, 2024 at 2:57 PM
4️⃣ Replace Fossil Fuel Taxes 🌱:
• Develop alternative revenue sources as EV adoption and renewable energy growth erode existing tax bases.
• Develop alternative revenue sources as EV adoption and renewable energy growth erode existing tax bases.
3️⃣ Boost Infrastructure Productivity 🏗️:
• Adopt modern construction methods (e.g., off-site manufacturing) to improve efficiency.
• Streamline planning processes to reduce delays and uncertainty.
• Adopt modern construction methods (e.g., off-site manufacturing) to improve efficiency.
• Streamline planning processes to reduce delays and uncertainty.
December 6, 2024 at 2:57 PM
3️⃣ Boost Infrastructure Productivity 🏗️:
• Adopt modern construction methods (e.g., off-site manufacturing) to improve efficiency.
• Streamline planning processes to reduce delays and uncertainty.
• Adopt modern construction methods (e.g., off-site manufacturing) to improve efficiency.
• Streamline planning processes to reduce delays and uncertainty.
2️⃣ Improve Fiscal Discipline 📏:
• Reintroduce credible fiscal rules and realistic spending forecasts.
• Anchor policies to sustainable growth levels, avoiding overly expansionary budgets.
• Reintroduce credible fiscal rules and realistic spending forecasts.
• Anchor policies to sustainable growth levels, avoiding overly expansionary budgets.
December 6, 2024 at 2:57 PM
2️⃣ Improve Fiscal Discipline 📏:
• Reintroduce credible fiscal rules and realistic spending forecasts.
• Anchor policies to sustainable growth levels, avoiding overly expansionary budgets.
• Reintroduce credible fiscal rules and realistic spending forecasts.
• Anchor policies to sustainable growth levels, avoiding overly expansionary budgets.
5️⃣ Key Recommendations 📜
1️⃣ Treat Corporation Tax Windfalls Cautiously 💼:
• Save more windfalls for long-term needs like ageing and climate costs.
• Follow Norway’s oil fund model: treat windfalls as finite and risky.
1️⃣ Treat Corporation Tax Windfalls Cautiously 💼:
• Save more windfalls for long-term needs like ageing and climate costs.
• Follow Norway’s oil fund model: treat windfalls as finite and risky.
December 6, 2024 at 2:57 PM
5️⃣ Key Recommendations 📜
1️⃣ Treat Corporation Tax Windfalls Cautiously 💼:
• Save more windfalls for long-term needs like ageing and climate costs.
• Follow Norway’s oil fund model: treat windfalls as finite and risky.
1️⃣ Treat Corporation Tax Windfalls Cautiously 💼:
• Save more windfalls for long-term needs like ageing and climate costs.
• Follow Norway’s oil fund model: treat windfalls as finite and risky.
Infrastructure Deficits 🏘️:
• Ireland lags 20–25% behind peers in housing, healthcare, and transport.
• Housing sector investment is second-highest in Europe but constrained by capacity issues.
• Ireland lags 20–25% behind peers in housing, healthcare, and transport.
• Housing sector investment is second-highest in Europe but constrained by capacity issues.
December 6, 2024 at 2:57 PM
Infrastructure Deficits 🏘️:
• Ireland lags 20–25% behind peers in housing, healthcare, and transport.
• Housing sector investment is second-highest in Europe but constrained by capacity issues.
• Ireland lags 20–25% behind peers in housing, healthcare, and transport.
• Housing sector investment is second-highest in Europe but constrained by capacity issues.
Climate Transition 🌱:
• €2 billion annually required for green investments in renewable energy and infrastructure.
• Shift to EVs and clean energy could result in €5 billion annual tax revenue losses by 2030.
• Failure to meet EU emissions targets may lead to €20 billion in penalties by 2030.
• €2 billion annually required for green investments in renewable energy and infrastructure.
• Shift to EVs and clean energy could result in €5 billion annual tax revenue losses by 2030.
• Failure to meet EU emissions targets may lead to €20 billion in penalties by 2030.
December 6, 2024 at 2:57 PM
Climate Transition 🌱:
• €2 billion annually required for green investments in renewable energy and infrastructure.
• Shift to EVs and clean energy could result in €5 billion annual tax revenue losses by 2030.
• Failure to meet EU emissions targets may lead to €20 billion in penalties by 2030.
• €2 billion annually required for green investments in renewable energy and infrastructure.
• Shift to EVs and clean energy could result in €5 billion annual tax revenue losses by 2030.
• Failure to meet EU emissions targets may lead to €20 billion in penalties by 2030.
4️⃣ Future Challenges 🚧
Ageing Population 🏥:
• Worker-to-pensioner ratio to fall from 3.5 (2024) to 2 by 2050.
• Increased costs for pensions, healthcare, and long-term care will significantly pressure public finances.
• Ageing will slow economic growth and reduce tax revenues.
Ageing Population 🏥:
• Worker-to-pensioner ratio to fall from 3.5 (2024) to 2 by 2050.
• Increased costs for pensions, healthcare, and long-term care will significantly pressure public finances.
• Ageing will slow economic growth and reduce tax revenues.
December 6, 2024 at 2:57 PM
4️⃣ Future Challenges 🚧
Ageing Population 🏥:
• Worker-to-pensioner ratio to fall from 3.5 (2024) to 2 by 2050.
• Increased costs for pensions, healthcare, and long-term care will significantly pressure public finances.
• Ageing will slow economic growth and reduce tax revenues.
Ageing Population 🏥:
• Worker-to-pensioner ratio to fall from 3.5 (2024) to 2 by 2050.
• Increased costs for pensions, healthcare, and long-term care will significantly pressure public finances.
• Ageing will slow economic growth and reduce tax revenues.
Structural Deficit Risks ⚖️:
• Projected structural deficit of 3.8% of GNI* in 2025, equivalent to €11 billion.
• This gap could widen if windfall corporation tax revenues decline or overruns persist.
• Projected structural deficit of 3.8% of GNI* in 2025, equivalent to €11 billion.
• This gap could widen if windfall corporation tax revenues decline or overruns persist.
December 6, 2024 at 2:57 PM
Structural Deficit Risks ⚖️:
• Projected structural deficit of 3.8% of GNI* in 2025, equivalent to €11 billion.
• This gap could widen if windfall corporation tax revenues decline or overruns persist.
• Projected structural deficit of 3.8% of GNI* in 2025, equivalent to €11 billion.
• This gap could widen if windfall corporation tax revenues decline or overruns persist.
3️⃣ Budgetary Concerns 💡
Overspending and Fiscal Imbalance 🛑:
• Public spending increased by 44% (2019–2024), outpacing sustainable levels.
• Health and infrastructure spending increased 60% since 2019.
• Overly conservative spending estimates lead to regular overruns, especially in health.
Overspending and Fiscal Imbalance 🛑:
• Public spending increased by 44% (2019–2024), outpacing sustainable levels.
• Health and infrastructure spending increased 60% since 2019.
• Overly conservative spending estimates lead to regular overruns, especially in health.
December 6, 2024 at 2:57 PM
3️⃣ Budgetary Concerns 💡
Overspending and Fiscal Imbalance 🛑:
• Public spending increased by 44% (2019–2024), outpacing sustainable levels.
• Health and infrastructure spending increased 60% since 2019.
• Overly conservative spending estimates lead to regular overruns, especially in health.
Overspending and Fiscal Imbalance 🛑:
• Public spending increased by 44% (2019–2024), outpacing sustainable levels.
• Health and infrastructure spending increased 60% since 2019.
• Overly conservative spending estimates lead to regular overruns, especially in health.
Underlying Weakness 📉:
• Excluding windfalls, Ireland’s budget balance would be €6.3 billion in deficit for 2024.
• Revenue as a share of GNI* (excluding windfalls) is at its lowest since 1980.
• Excluding windfalls, Ireland’s budget balance would be €6.3 billion in deficit for 2024.
• Revenue as a share of GNI* (excluding windfalls) is at its lowest since 1980.
December 6, 2024 at 2:57 PM
Underlying Weakness 📉:
• Excluding windfalls, Ireland’s budget balance would be €6.3 billion in deficit for 2024.
• Revenue as a share of GNI* (excluding windfalls) is at its lowest since 1980.
• Excluding windfalls, Ireland’s budget balance would be €6.3 billion in deficit for 2024.
• Revenue as a share of GNI* (excluding windfalls) is at its lowest since 1980.
Risk of Concentration ⚠️:
• Three companies account for the bulk of windfall receipts.
• Risks include U.S. tax reforms, changing global corporate policies, and sector-specific downturns.
• Three companies account for the bulk of windfall receipts.
• Risks include U.S. tax reforms, changing global corporate policies, and sector-specific downturns.
December 6, 2024 at 2:57 PM
Risk of Concentration ⚠️:
• Three companies account for the bulk of windfall receipts.
• Risks include U.S. tax reforms, changing global corporate policies, and sector-specific downturns.
• Three companies account for the bulk of windfall receipts.
• Risks include U.S. tax reforms, changing global corporate policies, and sector-specific downturns.
2️⃣ Corporation Tax Dependency 💼
Exceptional Windfalls 🚀:
• Corporation tax receipts tripled since 2019, reaching €30 billion in 2024 (28% of tax revenue).
• Main contributors: U.S. multinationals in tech and pharma.
Exceptional Windfalls 🚀:
• Corporation tax receipts tripled since 2019, reaching €30 billion in 2024 (28% of tax revenue).
• Main contributors: U.S. multinationals in tech and pharma.
December 6, 2024 at 2:57 PM
2️⃣ Corporation Tax Dependency 💼
Exceptional Windfalls 🚀:
• Corporation tax receipts tripled since 2019, reaching €30 billion in 2024 (28% of tax revenue).
• Main contributors: U.S. multinationals in tech and pharma.
Exceptional Windfalls 🚀:
• Corporation tax receipts tripled since 2019, reaching €30 billion in 2024 (28% of tax revenue).
• Main contributors: U.S. multinationals in tech and pharma.