The Ulster Economix Podcast. The podcast that keeps you up to date with what is happening economy-wise in Northern Ireland. Telling you what you need to know but not necessarily what you want to hear. It is better to be prepared for the economic environment we are operating in and not the world we would like to be in.
It could be said that we have a Ketchup bottle economy at the minute. Shake a ketchup bottle and nothing happens. But eventually we will get covered in red sauce as the blockage is worked free. Something similar is happening in global supply chains at present and this is impacting on all of our lives.
Inflation has been the buzzword in recent weeks around the world. Households are experiencing a pick-up in both consumer prices and house prices. Meanwhile businesses are reporting soaring input costs such as increased freight costs and rising raw material prices. These additional costs will be passed onto firms’ customers in due course.