Is Ireland in recession?

With unemployment low, strong exchequer returns and an economy at full capacity, there isn’t much to suggest that Ireland has tipped into a recession. But the latest Central Statistics Office (CSO) figures show the economy contracting by 3.2 per cent in GDP (gross domestic product) terms in 2023. Should that be cause for alarm?

Host Ciarán Hancock is joined by Cliff Taylor and Eoin Burke-Kennedy for a thorough look at where Ireland’s economy is right now.

Later in this episode of Inside Business, Irish Times Business and Technology journalist Ciara O’Brien discusses Apple being hit with a €1.8 billion fine by the EU for breaching competition law. The hefty fine equates to just 0.5pc of the company’s annual turnover. Ciara also outlines the impact of the EU’s new ‘Digital Markets Act’ for tech giants such as Apple.

Produced by John Casey with JJ Vernon on sound.