‘Overheat’ back in vogue on economy

For the first time in almost 10 years, the ESRI has used the ‘overheating’ word.

It will seem fanciful to many that so soon after a bust that forced hundreds of skilled construction workers abroad, and with unemployment above 7%, that anyone would be talking of an economy that could again be entering territory dangerously marked overheating.

Outside of sky-high rents, house prices and soaring insurance premiums, most signs show that prices across the economy are flat.