The latest economic forecast from Bank of Ireland indicates a robust rise in average earnings, projected at 4.5% this year and 4% next year. This growth is expected to surpass the current inflation rate of 2%, resulting in a real increase in disposable income for households. Additionally, tax cuts enacted in the recent Budget will further enhance household financial health. As a result, families will likely experience improved economic conditions and greater purchasing power over the next two years.
According to the latest economic forecast from Bank of Ireland, average earnings are expected to grow by 4.5% this year and 4% next year, outpacing the current inflation rate of 2%.
Households can expect a real increase in income over the next two years, aided by both rising earnings and recent tax cuts introduced in the Budget.
Collection
[
|
...
]