The Big Economic Quiz of the Year

What were the economic highlights and lowlights of 2018? What will be good, bad and ugly in 2019? Who will be next year’s economic villain? What word would you use to sum up what you expect to see in the next 12 months? These and many other questions about the Northern Ireland and global economies are asked and discussed in our new podcast, which we’ve boldly called the Big Economic Quiz of the Year.

And fittingly, we have some big fish from the local economics community contributing. Angela McGowan, Director of the CBI in Northern Ireland and Richard Johnston, Deputy Director of the Ulster University Economic Policy Centre join our own Richard Ramsey and business journalist Jamie Delargy to review, predict and ruminate.

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Weekly Brief – Deep impact

The UK Treasury painted a downbeat picture for the UK economy in the event of a no-Brexit deal but was surpassed by an even more pessimistic prognosis from the Bank of England. Still, all major UK banks passed the latest annual stress tests assuming a worst case scenario, highlighting significantly enhanced capital positions.

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Wrong direction

Northern Ireland’s Labour Force Survey (LFS) has been a source of record breaking highs and lows of the positive variety over the last two years.  More recently, Q1 2018 witnessed an all-time low unemployment rate of 3.1% with a record number of people in work in the three months to May. However, the subsequent data has seen rising unemployment coupled with a falling number of people in work.

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