I 2/6  BIS central bankers' speeches  consider that downside risks to private consumption have been increasing further in a situation where public health measures have been retightened recently due to the spread of variants. Let us take a closer look at developments in the employment and income situation that affect private consumption.
As I have noted in the past, Ireland’ s fast growth period in 1990s does not seem to have been finance-rich: before the property bubble Ireland’ s growth performance had other drivers than the Irish financial sector both in good and in bad times.