David Murphy

Dublin

Economics and Public Affairs Correspondent at RTÉ

RTÉ Economics & Public Affairs Correspondent. Former Political Coverage Editor. Former Business Editor. Views my own. Retweets ≠ endorsements. Cyclist.

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Articles

Housing czar must be 'forthright', minister says

1 week ago | rte.ie | David Murphy

Minister for Housing James Browne has said anyone who is appointed to run the Housing Activation Office will have to be "forthright about any conflicts of interest". He was commenting following reports that the CEO of NAMA Brendan McDonagh had a property to let on Airbnb. Mr McDonagh withdrew his name from consideration for the role of leading the Housing Activation Office last week following political controversy about him retaining his €430,000 salary if he was to move to the new role.
US tariffs of 10% would hit GDP growth next year: Finance

1 week ago | rte.ie | David Murphy

Continuing US tariffs of 10% would reduce Gross Domestic Product, a measure of economic growth which includes multinationals, by 1.5 percentage points next year, according to the Department of Finance. The growth in the domestic economy would be down 1 percentage point and employment growth would be 0.5 of a percentage point lower, according to the Department's new projections. The lower level of growth in the employment market is the equivalent to around 25,000 fewer jobs by the end of next year.
Dept's economic forecasts to take US tariffs into account

1 week ago | rte.ie | David Murphy

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Coalition botches top role as it grapples with housing

1 week ago | rte.ie | David Murphy

Minister for Housing James Browne faces a monumental task, after a dreadful year for housing in 2024 when the Government missed its target for residential construction. But the Fianna Fáil TD's first significant move has resulted in a damaging political accident for the coalition, and exposed potential shortcomings in the Government’s plan to make progress on housing.
Small and medium firms investing less post pandemic

1 week ago | rte.ie | David Murphy

The scarring effects of the pandemic has resulted in small and medium firms investing less in their businesses, according to the Economic and Social Research Institute. It found nearly 60% of enterprises invested in capital in 2023 compared to 64% before the Covid-19. At the same time there was a significant fall in funds allocated by firms to climate related measures.
Higher food prices push inflation up to 2% in April - CSO

2 weeks ago | rte.ie | David Murphy

Inflation rose by 2% in the 12 month period to April of this year, driven mainly driven by higher food prices. The latest figures show a marginal increase in the rise in the cost of living as measured by the Central Statistics Office as the figure for the 12 months to March was 1.8%. The latest data is part of the EU Harmonised Index of Consumer Prices which shows inflation in the euro zone was running at 2.2% in the year to March.
Overhaul of pay system for state body CEOs recommended

2 weeks ago | rte.ie | David Murphy

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Early CSO estimates show GDP growth of 3.2% in Q1

2 weeks ago | rte.ie | David Murphy

Preliminary figures for Gross Domestic Product, a measure of the economy which includes the contribution from multinationals, shows an increase of 3.2% in the first three months of this year compared to the last quarter of 2024.
Airbnb not the root cause of rental issues, report shows

3 weeks ago | rte.ie | David Murphy

A new report has found no evidence linking increasing numbers of properties listed on Airbnb and falls in new tenancies in the wider rental market. The study by the Economic and Social Research Institute says its findings do not mean that the short-term letting platform has not had a detrimental effects on the rental market in certain areas, but it did not appear to be the root cause of the drop in accommodation available for tenants.
Home completions up 2% in first quarter of 2025 - CSO

3 weeks ago | rte.ie | David Murphy

The latest figures on home building from the Central Statistics Office show there was a 2% increase in the number of completions in the first three months of this year in comparison to the same time last year. The CSO said there was a 13.4% rise in apartment building with 1,781 units completed but single dwellings were down 3.5% at 1,137 and houses in estates fell 1.7% to 3,020.