The soaring cost of living and the impact of the war in Ukraine will curtail growth for the Northern Ireland economy in the next two years.
That is the view of Danske Bank which said price rises are putting businesses under pressure and hitting consumers’ pockets hard while the Ukraine conflict will add to inflationary pressures and dent sentiment.
As a result, it has cut its expectations for growth in the Northern Ireland economy in 2022 to 3.6% from 4% and to pegged 2023 growth at just 1.7%.
