Strong inflows of foreign direct investment have been a key factor behind the extraordinary growth in output, exports and employment enjoyed by the Irish economy in the past couple of years.

Stock markets are likely to have to contend with the risk of a global recession in 2023, which would put company earnings under pressure

The first signs of the marked slowdown in the pace of global growth impacting the Irish economy have become apparent recently, with announcements of imminent job losses in a number of high-profile tech companies.

Differing outlooks for the eurozone, the US and British economies was reflected in the recent policy meetings of their respective central banks

Attention is now turning to some key central banks' meetings this week to see what message they deliver

The Fed's aggressive policy of sustained rate hikes make an imminent reversal in the dollar's fortunes difficult to envisage

The OECD recently estimated that the deterioration in UK net external trade after Brexit will knock more than 6% off its GDP over 2021-2023

Expectations for policy easing during 2023 have largely evaporated everywhere, with eurozone rates expected to be about 2.75% in three years’ time

ECB rates are expected to get to 2.25% by mid-2023

As long as US Federal Reserve keeps raising rates faster than ECB