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Irelands Department of Finance warns of potential six point seven percent inflation due to Middle East war disruptions, with oil prices surging to one hundred thirty dollars a barrel in twenty twenty-six and averaging one hundred twenty-five dollars in twenty twenty-seven. The department outlines three scenarios, with the severe path averaging four point six percent inflation and peaking hard in the first quarter of twenty twenty-seven. Finance Minister Simon Harris flags risks of stagflation and emphasizes Irelands fiscal resilience, highlighting strengths like strong growth, record employment, and a healthy budget surplus. The focus now shifts to cutting fossil fuel dependence and speeding up renewables for long-term stability.
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Belfast News Today | 2 Min News | The Daily News Now!

Belfast News Today | 2 Min News | The Daily News Now!

Belfast News Today | 2 Min News | The Daily News Now!