Irish financial expert Eddie Hobbs has predicted a recession will hit by autumn 2022, as cost of living continues to rise and mortgage interest rates set to increase in July.
Hobbs says 'all the signs are there' for a financial crisis to hit Ireland this year.
In an interview with the Irish Mirror, Hobbs said: “We will likely be in recession by early Autumn, but definitely by Winter. All the signs are there. Right now, we are in a vortex, on the way to recession. We’re looking at the economy contracting, job losses, business closures. It’s a f**king firestorm.”
