Irish Economy Under Energy Pressure | Dublin News

The Irish economy’s under pressure as the global energy crisis, fueled by Strait of Hormuz tensions, threatens household budgets. Retailers are struggling—with a 35% surge in business failures and stagnant sales, especially in clothing, furniture, and fuel. Yet, bars and restaurants are bucking the trend, holding steady or even growing sales despite price hikes, thanks to a government move slashing VAT to 9%—a costly but strategic boost aimed at keeping the hospitality sector afloat. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6f762ebd1f46b598