David Murphy

Dublin

Economics and Public Affairs Correspondent at RTÉ

RTÉ Economics & Public Affairs Editor. Former Political Coverage Editor. Former Business Editor. MSc Economic Policy. Views my own. RT ≠ endorsements.

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Articles

ESRI downgrades house building, domestic growth forecasts

2 days ago | rte.ie | David Murphy

The Economic and Social Research Institute has downgraded its forecast for house building and growth in the domestic economy for this year. It is the second organisation to reduce its projections after the Central Bank reached a similar conclusion last week. The ESRI said it expected 33,000 homes to be built this year, which is 1,000 less than it previously forecast. It would be far short of the Government's current target of 41,000.
Govt to convene trade forum ahead of US tariffs deadline

3 days ago | rte.ie | David Murphy

The Government is to hold a special meeting of Ireland's trade forum for next Wednesday - a week out from the scheduled lifting of the pause on higher tariffs by the US. The Tánaiste Simon Harris who is also the Minister for Trade, met the Italian Trade Minister on Monday and will talk with his New Zealand Counterpart this morning. The forum is made up of Government departments, business groups and trade unions.
Concrete industry warns of quarry materials shortfall

3 days ago | rte.ie | David Murphy

The concrete industry has warned Ireland is facing a significant shortfall of materials such as stone, sand and gravel in future years because quarries are not being granted sufficient planning permissions. The Irish Concrete Federation said the delivery of the Government's housing targets and major infrastructure projects are highly dependent on reliable supplies.
Irish company DH4 acquired by UK group EcoOnline

4 days ago | rte.ie | David Murphy

A software company which is based in the Baily Lighthouse in Howth in Dublin has been acquired by a UK group. Irish company DH4 provides software which is used in crisis response. Robin Blandford, the firm's founder, said his company's products are designed to "to act quickly and effectively in crises and keep people safe."Its software can be used in incidents such as chemical spills, workplace safety events or environmental disasters.
Accountancy firm Ormsby & Rhodes acquires Ryan & Crowley

4 days ago | rte.ie | David Murphy

Ormsby & Rhodes, one of Ireland's oldest accountancy firms, has taken over Ryan & Crowley, an accountancy and advisory firm based in Dublin. In January Ormbsy & Rhodes merged with AAB to create a professional services firm with over €120m in annual revenue. August Equity invested in AAB in 2021. Since then AAB has tripled in size and now employs more than 1,000. Ryan & Crowley is a family owned business which was founded by Ray Ryan 40 years ago and is now led by his son Conor. It has 135 clients.
Central Bank revises down housing and growth forecast

1 week ago | rte.ie | David Murphy

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How much did the bank bailout cost taxpayers?

1 week ago | rte.ie | David Murphy

The taxpayer put a total of €64.1billion into the Irish banks during the financial crisis. The key question in 2025 is how much of that has been recovered 17 years after the financial meltdown. The most egregious boomtime lenders were Anglo Irish Bank and Irish Nationwide. When the banking crisis unfolded in 2008 and 2009, it became clear both financial institutions were in the deepest trouble.
State to sell off remaining shareholding in AIB

1 week ago | rte.ie | David Murphy

The State is to sell off its remaining shareholding in AIB tomorrow. This afternoon, Minister for Finance Pascal Donohoe announced that the final shares will be sold off reducing the State's stake to zero. He added: "This is an important milestone in delivering on the government's policy of returning the banking sector to private ownership."The State currently has a 3% stake in the bank. It is expected to conclude the transaction early tomorrow morning and raise between €200m and €300m.
22% of adults felt discriminated against last year

1 week ago | rte.ie | David Murphy

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Fall in number of homes approved for planning permission

2 weeks ago | rte.ie | David Murphy

The number of homes approved for planning permission fell by 2.5% in the first three months of this year compared to the same period in 2024, according to the Central Statistics Office. The CSO said that in the first quarter of this year 8,177 homes were given the green light by planners compared to 8,387 in the same period a year earlier. The number of houses granted planning was up 0.8% while the number of apartments was down 7%.