The slowing pace of recovery is giving pause for thought as US Federal Reserve offers no sign of scaling back quantitative easing

There are clear signs that the Delta variant has slowed the pace of recovery and halted earlier momentum

ECB rates are not expected to start to be raised until 2024, while in the US, Fed hikes are not expected until early 2023

The Economic and Social Research Institute, in its quarterly economic commentary published in June, argued the case for increased government capital spending in the present very low interest rate environment.

The economy is growing strongly, and output is back to its pre-pandemic levels

The economy started to emerge from lockdown in April and all the signs are of an exceptionally strong rebound in domestic activity since then

Supporting vaccination programmes in developing nations would add trillions to the global economic recovery

The eurozone, including Ireland, will find debt more sustainable in light of ECB's intention not to hike interest rates 

Strong exports and the successful vaccination programme have laid the basis for a sustained and robust recovery

The main currency pairs have been confined to remarkably tight trading ranges in recent times. Virtually all the movement in the key euro-dollar exchange rate has been in the $1. 17-$1. 23 corridor over the past year.