{"id":412067,"date":"2026-04-22T17:07:10","date_gmt":"2026-04-22T17:07:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/412067\/"},"modified":"2026-04-22T17:07:10","modified_gmt":"2026-04-22T17:07:10","slug":"warning-energy-crunch-puts-irelands-economy-at-risk-of-rare-combination-of-high-inflation-high-unemployment-and-low-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/412067\/","title":{"rendered":"Warning energy crunch puts Ireland\u2019s economy at risk of rare combination of high inflation, high unemployment and low growth"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">Budget spending to be curtailed to \u2018keep powder dry\u2019 in case war in Middle East is prolonged\n<\/p>\n<p><img decoding=\"async\" alt=\"Finance Minister Simon Harris has not ruled out further help for households. Photo: Getty\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/04\/tyImages_2234040466.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Finance Minister Simon Harris has not ruled out further help for households. Photo: Getty<\/p>\n<p>Mary Regan and Senan Molony<\/p>\n<p>Yesterday at 06:30<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">The country is at risk of \u201cstagflation\u201d \u2013 where slow economic growth is combined with rising inflation \u2013 as the energy crunch brought about by the war in the Middle East hits.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Public Expenditure Minister Jack Chambers is to deliver the stark warning to the Cabinet, where ministers will also be told that tighter spending controls will be needed in preparation for October\u2019s budget.<\/p>\n","protected":false},"excerpt":{"rendered":"Budget spending to be curtailed to \u2018keep powder dry\u2019 in case war in Middle East is prolonged Finance&hellip;\n","protected":false},"author":2,"featured_media":412068,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[5168,72,943,11977,37635,61,11829,60,13808,25081,2042,70],"class_list":{"0":"post-412067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-budget","9":"tag-business","10":"tag-cost-of-living","11":"tag-department-of-finance-dof","12":"tag-energy-crisis","13":"tag-ie","14":"tag-iran","15":"tag-ireland","16":"tag-jack-chambers","17":"tag-mary-regan","18":"tag-senan-molony","19":"tag-simon-harris"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/412067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=412067"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/412067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/412068"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=412067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=412067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=412067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}