The OECD has warned that Ireland runs the risk of a new property bubble developing.
The think tank says that - “Strong property price rises may boost construction activity further in the short run” - but spiralling costs and cheap credit run the risk of a new bubble forming.
While the OECD has downgraded its outlook for the global economy - it has upped its forecast for Ireland - the economy is expected to grow by 5.6% in 2015 - and 4.1% in 2016.
The OECD also described Budget 2016 as “reasonable” - given the growth that the country is experiencing.
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The current glut in global oil supply is due to last until at least 2020 - according to the International Energy Agency.
It expects oil prices to increase by no more than 1% year-on-year between now and the end of the decade.
The agency says that we are “approaching the end of the single largest demand growth story in energy history.”
It forecasts that prices will only rise by 5% in the 20 years following 2020 - as the industrialisation of emerging markets slows - and the world moves towards cleaner energy sources.
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Ireland’s craft beer market continues to expand - Ireland is 20th in the Global Craft Beer Survey, which ranks how many breweries countries have.
The US is in first place - followed by the UK, France, and Italy.
These are gross figures - not per capita - so 20th is a high ranking for a country the size of Ireland.
There are 67 craft breweries in the country according to the index.
Craft beer currently only accounts for 2% of beer sales here.
In the US small and independent brewers make up 11% of the overall beer market.
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Eurozone finance ministers were due to sign off on a €2bn payment to Greece last night - but this has been delayed by a disagreement over repossession protections for homeowners.
The Greek government is fighting pressure to limit the number of people who qualify for legal protections against repossessions to protected squeezed middle class families.
The Syriza-led Greek government and its creditors have been given one week to reach a compromise.
This is a time sensitive issue - failure to agree on the issue could delay the payment of €10bn in aid to Greece to recapitalise its banks next month.
Recent stress-tests showed that the country’s banking sector remains vulnerable.
