Currently, we are not in a recession and The Department of #Finance & The #Economic Social Research Institute are guiding us that we will not go into a recession.
Whereas a number of financial experts are expecting that it is likely that #Ireland will go into a recession.
💡With the rise in #inflation and the chance of #recession, I would expect consumers to continue spending less therefore the #SME sector will be challenged.
Internationally, I believe the #US will go into a recession and we will see #China‘s #economy slow down with the #EU expected to have a lower level of growth but not to go into a recession.
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