Oireachtas Joint and Select Committees

Tuesday, 15 July 2025

Committee on Budgetary Oversight

Quarterly Economic Commentary: Economic and Social Research Institute

2:00 am

Dr. Conor O'Toole:

It does. There is a dichotomy at present. The domestic economy is growing very rapidly and we have a low unemployment rate. Employment has grown quite rapidly since the Covid period. As I mentioned in the previous response, the risk is that at full employment we have this impact of the labour market feeding through into prices through wage growth and that price growth can cause-----