Dublin's economy is in its worst state since businesses were crushed by heavy Covid-19 restrictions last year, according to Dublin City Council's economic monitor.
A survey of business activity during quarter three of this year found economic output is at its "weakest level" since quarter two of 2021 due to the cost of living crisis. At the start of 2021, schools didn't reopen fully after Christmas until March 1 and indoor service in bars and restaurants only returned at the end of July.
Economists have been forecasting a recession in the latter part of 2022 and the findings of this survey support those predictions. There also have been a number of high profile hospitality businesses closing down due to soaring costs - such as Lenehan's Bar and Grill in Rathmines.
