The latest survey of Dublin's economy shows the rate of increase is in decline which could result in a "slow down" in the second half of the year.
The projections match the words of Finance Guru Eddie Hobbs who said a recession in early Autumn was "likely". There are also indicators that a global recession is on the way, such as the European Central Bank raising their interest rates for the first time in 11 years amid runaway global inflation.
The latest Dublin Economic Monitor survey, from S&P Global, shows that business activity in the second quarter continued to increase "but at the softest rate in a year". The survey is based on responses from 200 businesses.
