A top economist has warned that rising interest rates have already impacted Dublin's tech sector with "loads" of companies "laying people off for the first time."
There are many indicators that a global recession is on the way including the European Central Bank raising their interest rates for the first time in 11 years and runaway inflation.
The latest Dublin Economic Monitor said a recession was "an increasingly realistic possibility" due to Mastercard data which showed that spending in the capital fell by 8.3% from Q4 2021 to Q1 2022.
