Ireland Knowledge

Question 1

What monetary policies have been used?

Answer 1

ECB decreased interest rates 6 times from June 2024 - March 2025 from 3.75% to 2.5%

Question 2

What fiscal policies have been used?

Answer 2

Provided €33 weekly fuel allowance to 409000 households until April 2025

Question 3

What market based policies have been used?

Answer 3

Competition Amendment Act 2022 empowered Competition and Consumer Protection Commission (CCPC) to raise fines up to €10mil for anticompetitive practice (cartels etc)

Question 4

What interventionist policies have been used?

Answer 4

Dublin Airport Third runway (2022) increasing international trade costing €320mil but opportunity cost is large

Question 5

5 key stats

Answer 5

GDP Growth - 6.3% (2024)
FDI Stock - €1.3trillion (2023)
Trade Surplus - €90.2bn (2024)
Corporate tax rev - €24.3bn
Top 5 MNC’s = 33% Irish exports (2024)