The majority of the Irish public believe the country is heading for a recession, a new poll indicates.
Almost four out of five people think the economy is heading for a slump, the Sunday Independent/Ireland Thinks poll found. A global recession appears to be on the cards with the European Central Bank set to increase interest rates for the first in a decade to curb inflation.
It comes as Ireland's inflation rate is estimated to have hit 9.6%. The Russian war in Ukraine and its disruption to global supply chains is a major factor in skyrocketing inflation.
