Time to worry about rising fuel prices again

The price of a barrel of oil has now increased by over 76% since the middle of June last year, writes Jim Power

This week, the international credit ratings agency Moody’s revised up its 2018 growth forecast for Ireland to 5% from 3.7%, and it is forecasting growth of 3.5% for next year.

It bases its upward revision on strong consumer spending and residential housing investment. It warned of the dangers to Ireland posed by Brexit; the corporation tax reforms being implemented by President Trump and other international corporation tax developments.