Following the release of the April 2022 CSO Monthly Unemployment figures, please find the expert comment by Andrew Webb, Chief Economist at Grant Thornton Ireland, below.
'The unemployment numbers continue to encourage but the coming months will be crucial in determining where the economy is heading. Rising costs are seeing more people having to divert spending away from desirable items towards essential items like heat and food.
This does not bode well for the wider economy and we are already seeing a significant drop in consumer sentiment that suggests further retrenchment. Without a speedy resolution to the current cost of living crisis, the risk of a recession is mounting.'
![Subscribe button.jpg]()
