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David Murphy

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Economics & Public Affairs Editor of RTÉ in Ireland. Former Political Coverage Editor. Former Business Editor. MSc Economic Policy. Views my own. Reposts ≠ endorsements. Cyclist

Joined November 2024

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David Murphy handle.invalid · 6h
Taoiseach confirms St Patrick’s Day White House visit. www.rte.ie/news/politic...
Taoiseach accepts St Patrick's Day White House invite

Taoiseach Micheál Martin has tonight confirmed he has accepted a formal invitation to meet with US President Donald Trump at the White House on St Patrick's Day.

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David Murphy handle.invalid · Feb 5
Cost of borrowing for the US continues to climb.
- Mohamed A. El-Erian elerianm.bsky.social · Feb 5
  Of note in the bond market: The US yield curve continues to steepen, with 2s-10s now trading at 73 bps—its widest level since early 2022. #economy #markets #bonds
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Martina Devlin martinadevlinbooks.bsky.social · Jan 31
Just spotted several shelves of Ukrainian #books for adults and kids in the fabulous @ravenbooks.bsky.social

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David Murphy handle.invalid · Jan 31
Housing Minister James Browne faces multiple battles over new rent rules. Analysis: www.rte.ie/news/busines...
Housing minister in multiple battles over new rent rules

The Cabinet gave the green light this week to legislation that radically alters the market for tenants and landlords.

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Bloomberg News bloomberg.com · Jan 27
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David Murphy handle.invalid · Jan 25
Ireland is in an unstable relationship with Trump’s America. Analysis: www.rte.ie/news/busines...
Ireland in unstable relationship with Donald Trump's US

Ireland is much more exposed than other countries to trade with the US and a week of geopolitical chaos has led to uncomfortable truths emerging, writes David Murphy.

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David Murphy handle.invalid · Jan 21
Michael O’Leary on Elon Musk. Latest from RTÉ’s Fergal O’Brien. www.rte.ie/news/busines...
O'Leary can't understand Musk's 'umbrage' on Starlink

The Ryanair group chief executive has said he does not understand whey Elon Musk has taken such "umbrage" to his rationale for not using the Starlink internet service on Ryanair flights.

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David Murphy handle.invalid · Jan 20
Shares on Wall Street fall as soon as the market opens as Trump continues pursuit of Greenland.

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Philip Boucher-Hayes philipb-h.bsky.social · Jan 19
#Aurora #NorthernLights #Ireland #Wicklow #SpeirGorm

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David Murphy handle.invalid · Dec 7, 2025
Economy gets fatter from making the world skimmer. Analysis: www.rte.ie/news/busines...
Economy gets fatter from making the world slimmer

Bertie Ahern's famous economic analysis that the "boom is getting boomier" is an apt description for what is happening in Ireland now.

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David Murphy handle.invalid · Nov 25, 2025
Regulator hits Uisce Éireann with €20m fine over leaks. www.rte.ie/news/busines...
Uisce Éireann fined €20m for not hitting leak fix targets

The regulator for Uisce Éireann has said that the water utility has missed a target for reducing leaks.

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mickbyrne mickbyrne.bsky.social · Nov 13, 2025
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David Murphy handle.invalid · Nov 12, 2025
Once more with feeling: Govt's latest housing plan is on way. But how effective were the previous three plans? How many targets were missed? Why have has house building lagged demand? Analysis here: www.rte.ie/news/clarity...
Once more with feeling: Govt's latest housing plan on way

The Government will launch its housing plan tomorrow. It will be the fourth in 12 years.

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David Murphy handle.invalid · Nov 1, 2025
Trump’s former commerce secretary Wilbur Ross says effect of US tariffs on Ireland will be less damaging than on other EU countries. www.rte.ie/news/analysi...
Why damage from US tariffs may not be as bad as feared

A former US Commerce Secretary, who served during Donald Trump's first term in office, believes Ireland will avoid the most painful consequences of White House's economic policies.

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David Murphy handle.invalid · Oct 30, 2025
What will a sale of PTSB mean? How much will the taxpayer get? How much has the State lost on bailing out the banks? Some answers here www.rte.ie/news/2025/10...
What does the sale of PTSB mean for consumers?

PTSB bank has been put up for sale. Our Economics and Public Affairs Editor David Murphy explains its impact.

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David Murphy handle.invalid · Oct 18, 2025
Controversial rent reforms are hurtling down the track. Cabinet agreed outline legislation this week to replace existing rules next year. Housing Plan leaks show Govt wants to use compulsory purchase to tackle derelict houses. Analysis www.rte.ie/news/busines... @mickbyrne.bsky.social @news.rte.ie
Controversial rent reforms are hurtling down the track

On Tuesday, the Cabinet approved an outline of new rental rules which are due to replace the current arrangements for tenants and landlords at the end of the year.

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Martina Devlin martinadevlinbooks.bsky.social · Oct 3, 2025
‘When death is about to happen/ does the body grow heavier or lighter?/ He felt himself growing heavier./ He felt himself growing lighter./ When a man says he hears angels singing,/ he hears angels singing.’ From Blake Dying by Mary Oliver #poet and essayist - #read her

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David Murphy handle.invalid · Sep 13, 2025
One off cost-of-living supports are now the norm. Cutting them in the Budget won’t be easy. Analysis: www.rte.ie/news/analysi...
Cost-of-living packages the norm, cutting them is hard

The Government is adamant that there won't be any cost-of-living measures in the Budget to be announced on 7 October, but that may be difficult to deliver as food prices rise.

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mickbyrne mickbyrne.bsky.social · Sep 11, 2025
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David Murphy handle.invalid · Sep 5, 2025
Interest bill on Ireland’s €218 billion debt set to rise. www.rte.ie/news/busines...
Interest paid on Ireland's borrowings to rise - report

The amount the State pays in interest on the country's borrowings is going to rise in the coming years, a new report from the Department of Finance has warned.

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David Murphy handle.invalid · Aug 30, 2025
The population is growing faster than expected, partly driven by immigration. But reducing growth in immigration won’t necessarily help the housing crisis. Analysis www.rte.ie/news/busines...
Reducing immigration unlikely to help housing crisis

The bedrock of any Government's planning is demographics and the number of people living in a country and a reliable forecast for population growth are vital.

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David Murphy handle.invalid · Jul 18, 2025
Inside Ireland’s multibillion euro infrastructure plan www.rte.ie/news/analysi...
Inside Ireland's multibillion euro infrastructure plan

The National Development Plan is the Government's scheme to build infrastructure for the coming years. With the Coalition reviewing spending, RTÉ Economics and Public Affairs Editor David Murphy answe...

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David Murphy handle.invalid · Jun 28, 2025
Why new homes may not get planning permission in Dublin after 2028 despite the housing crisis. Analysis: www.rte.ie/news/analysi...
Why new homes may not get planning in Dublin after 2028

"The chain is only as strong as its weakest link." Eighteenth century philosopher Thomas Reid's quote could be applied to building houses in Dublin. That weak link is water.

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David Murphy handle.invalid · Jun 19, 2025
Govt to miss housing targets in 2025, 2026 & 2027, Central Bank forecast shows. www.rte.ie/news/ireland...
Central Bank lowers housing and growth forecasts

The Central Bank is revising downwards its forecast for how many homes will be built this year and over the following two years.

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David Murphy handle.invalid · Jun 17, 2025
How much did the bank bailout cost the taxpayers? www.rte.ie/news/analysi...
How much did the bank bailout cost taxpayers?

The taxpayer put a total of €64.1 billion into the Irish banks during the financial crisis. The key question in 2025 is how much of that has been recovered 17 years after the financial meltdown, write...

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David Murphy handle.invalid · Jun 14, 2025
Did Nama work? Analysis: www.rte.ie/news/busines...
Did Ireland's 'bad bank' NAMA work?

At the height of the financial crisis in 2009 Ireland set up the National Asset Management Agency, better known as NAMA.

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David Murphy handle.invalid · Jun 9, 2025
Why the Government has little choice on rent cap reform www.rte.ie/news/analysi...
Why the Government has little choice on rent cap reform

The Government has little choice about reforming the existing rent caps if it wants to attract badly needed investment back to the market to increase the supply of new homes, but the challenge is that...

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David Murphy handle.invalid · Jun 6, 2025
Are the latest economic figures a return of Leprechaun Economics ? Analysis here: www.rte.ie/news/analysi...
Latest GDP figures hint at return of Leprechaun Economics

One way or another, the activity of multinationals is distorting Ireland's economic figures, writes David Murphy.

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David Murphy handle.invalid · Jun 3, 2025
Takeover offer of €1.3bn for Dalata hotel group. www.rte.ie/news/busines...
Consortium proposes to buy Dalata for €1.3 billion

A consortium consisting of property owners Pandox and Eiendomsspar have proposed to buy Ireland's largest hotel group Dalata Hotel Group in a €1.3 billion deal.

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David Murphy handle.invalid · Jun 1, 2025
The Govt is struggling to make progress on housing. Here are three of the big issue it faces: www.rte.ie/news/2025/06...
3 crucial issues facing the Government on housing

In a week when the minister responsible for housing admitted that meeting the Government's own target for the delivery of new housing this year would be "extremely challenging", RTÉ's Economics and Pu...

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RTÉ News news.rte.ie · May 7, 2025
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RTÉ News news.rte.ie · May 7, 2025
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David Murphy handle.invalid · May 3, 2025
The row over the botched appointment of NAMA boss Brendan McDonagh will be short-lived unlike the housing crisis. Analysis : www.rte.ie/news/busines...
Coalition botches top role as it grapples with housing

Minister for Housing James Browne faces a monumental task, after a dreadful year for housing in 2024, when the Government missed its target for residential construction.

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Jude Webber judewebber.bsky.social · Apr 28, 2025
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David Murphy handle.invalid · Apr 19, 2025
4 myths about Trump's tariffs and how they affect Ireland: 1) Ireland “took our” pharma. Not quite true. 2) Tariffs “pause” isn’t really a pause 3) Truth about moving chip manufacturing to US 4) Trump’s says tariffs are “going very well”. www.rte.ie/news/clarity...
4 myths about Trump's tariffs and how they affect Ireland

RTÉ's Economics and Public Affairs Editor David Murphy examines some of the key issues around how US President Donald Trump's trade policies could play out.

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David Murphy handle.invalid · Apr 13, 2025
US Commerce Secretary Howard Lutnick tells ABC News tariff exemption for phones, chips and computers is temporary. He says they, along with pharma, will be subject to sector specific tariffs next month. He adds this will be separate to reciprocal tariffs and nonnegotiable.

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David Murphy handle.invalid · Apr 13, 2025
Public Expenditure Minister Jack Chambers says date for implementation of pension auto enrollment likely to be delayed for a “short number of months”. @news.rte.ie

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Ursula von der Leyen vonderleyen.ec.europa.eu · Apr 8, 2025
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Martina Devlin martinadevlinbooks.bsky.social · Apr 6, 2025
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David Murphy handle.invalid · Apr 4, 2025
Overnight comments from Donald Trump overnight suggest pharma reprieve won’t last long. #Tariff analysis here: www.rte.ie/news/analysi...
Pharma gets a reprieve amid tariffs but not for long

There have been some suggestions that the big pharma companies may have "got to" Donald Trump and warned him of the potential downsides of hitting drug manufactures with tariffs, writes David Murphy.

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David Murphy handle.invalid · Apr 3, 2025
Latest tariffs analysis here: www.rte.ie/news/analysi...
US tariff move is first round in trade war with EU

US President Donald Trump's announcement of a 20% tariff on imports from the European Union, including Ireland, has huge consequences.

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David Murphy handle.invalid · Mar 27, 2025
As the Trump administration prepares tariffs on the pharma industry the Irish Government is beginning to prepare the public for the consequences. Analysis: www.rte.ie/news/busines...
Economic skies darken as Trump prepares pharma tariffs

While the focus of attention on the latest tariff announcement from US President Donald Trump has been on car-manufacturing, his unambiguous confirmation of import taxes on pharmaceuticals are causing...

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mickbyrne mickbyrne.bsky.social · Mar 26, 2025
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David Murphy handle.invalid · Mar 21, 2025
US tariffs could hit employment in Ireland, result in multinationals relocating and damage the public finances, according to a new study. The working paper by the ESRI & Dept of Finance found the domestic economy could contract by 2% over the next 5 to 7 years. www.rte.ie/news/busines...
US tariffs could hit employment in Ireland, report warns

US tariffs could hit employment in Ireland, result in multinationals relocating and damage the public finances, according to a new study.

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David Murphy handle.invalid · Mar 18, 2025
There was an 81% surge in Irish exports to the US in January compared with the same month a year earlier, according to the Central Statistics Office. show.https://www.rte.ie/news/business/2025/0318/1502671-cso-export-figures/

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Orla Hegarty orla-hegarty.bsky.social · Mar 15, 2025
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mickbyrne mickbyrne.bsky.social · Mar 14, 2025
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mickbyrne mickbyrne.bsky.social · Mar 8, 2025
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David Murphy handle.invalid · Mar 8, 2025
Rent caps expire at the end of this year - Govt faces a big decision as the supply of new homes is falling, homelessness getting worse and are investors leaving the market blaming rent restrictions. Analysis here: www.rte.ie/news/2025/03...
Crunch time on rent caps - standing still not an option

Later this month, the State's Housing Agency is expected to report to the Government on its review of rent controls.

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David Murphy handle.invalid · Mar 6, 2025
ECB cuts rates by. 0.25% to 2.5%.

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David Murphy handle.invalid · Mar 1, 2025
This week lobby group the Irish Property Owners Association repeated the claim that landlords were being driven from the market by excessive regulation and financial pressures. But is it true that the number of landlords is falling? Analysis: www.rte.ie/news/analysi...
New data challenges narrative of landlords fleeing market

For many years the narrative that landlords were leaving the market in droves has been highlighted as an indicator of a dysfunctional rental sector, but figures published by Residential Tenancies Boar...

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David Murphy handle.invalid · Feb 26, 2025
Donald Trump’s threat of 25% tariffs is negative for Ireland. Last year Ireland exported €72bn of goods to the US. We sell proportionately more to the States than other EU countries. Short analysis here: www.rte.ie/news/2025/02...
Donald Trump's 25% tariff threat a negative for Ireland

US President Donald Trump's broad hint that he will impose a 25% tariff on European Union goods is certainly a negative development, writes David Murphy.

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David Murphy handle.invalid · Feb 25, 2025
Commission of Investivesigation into Nama's sale of Project Eagle loans finds the strategy was "was appropriate in the circumstances" but has raised issues regarding the agency's handling of conflicts of interest in relation to businessman Frank Cushnahan. www.rte.ie/news/ireland...
Investigation criticises NAMA's sale of assets in NI

A Commission of Investigation appointed to examine the sale of assets in Northern Ireland by the State's National Assets Management Agency found the strategy was "was appropriate in the circumstances"...

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David Murphy handle.invalid · Feb 18, 2025
Regulator wants to see data centres make their carbon emissions public. www.rte.ie/news/busines...
Proposal to see data centres make carbon emissions public

Data centres are going to be required to make public their carbon emissions and use of renewables, under a new draft policy from the regulator responsible for the energy sector.

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David Murphy handle.invalid · Feb 15, 2025
The govt was warned in 2016 rent controls would damage the supply of housing. Last year apartments completions dropped 24%. The Coalition is examining rent controls but relaxing them will be a political & social nightmare. Analysis via www.rte.ie/news/busines...
Collision of politics & economics worsens housing crisis

They were warned. In December 2016, when the then Fine Gael-led government first introduced rent controls it was told they would damage the supply of new homes.

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David Murphy handle.invalid · Feb 8, 2025
Intel invested €17bn in its Leixlip plant. Is it realistic that US multinationals like that will uproot? Probably not. But Trump’s regime makes it much more politically challenging for US corporations to establish new operations in Ireland. Analysis here: www.rte.ie/news/2025/02...
Ireland in the crosshairs of Trump 2.0

As the blizzard of announcements coming from the White House during Donald Trump's first weeks in office continues, Irish authorities are braced for being caught in a trade war.

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David Murphy handle.invalid · Feb 5, 2025
Ireland will need to build 93,000 homes a year up to 2031, says stockbroker Davy. That’s higher than the Government’s hope of building 60,000 annually. It says housing shortfall is 230,000 and it’s now stopping younger people having families. www.rte.ie/news/busines...
Ireland will need to build 93,000 homes a year up to 2031

Ireland will need to build 93,000 homes a year meet demand between now and 2031, according to a new report by stockbroker Davy.

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Mícheál Lehane fertha.bsky.social · Feb 4, 2025
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David Murphy handle.invalid · Feb 2, 2025
Were voters misled on housing before election? Analysis: www.rte.ie/news/analysi...
Were voters misled on housing before the election?

Correspondent David Murphy reports that after the CSO reported 30,330 home completions last year, the focus now turns to this year and there are some worrying indications that residential construction...

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David Murphy handle.invalid · Jan 30, 2025
Sobering report forecasts house building is set to stagnate amid homelessness crisis. www.rte.ie/news/busines...
Housing output 'could be as low as 32,000' this year

The delivery of housing is forecast to stagnate and fall well short of targets, according to a report by construction consultancy Mitchell McDermott.

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David Murphy handle.invalid · Jan 30, 2025
ECB expected to cut interest rates by 0.25% today. www.rte.ie/news/busines...
ECB expected to cut interest rates by 0.25%

The European Central Bank is expected to cut interest rates by 0.25% when its governing council meets today.

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David Murphy handle.invalid · Jan 25, 2025
Relentless pressure ahead for newbie housing minister James Browne. With a fall in home building last year, despite promises to the contrary by Darragh O’Brien and Simon Harris, Minister Browne needs to convince builders he can provide certainty. Analysis: www.rte.ie/news/analysi...
Relentless pressure ahead for new housing minister

With a homelessness crisis, a shortfall in new residential construction and soaring property prices, the newly appointed Minister for Housing James Browne has the toughest job in Cabinet, writes David...

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David Murphy handle.invalid · Jan 23, 2025
House building fell last year, says CSO. www.rte.ie/news/2025/01...
Number of homes built decreased 6.7% last year - CSO

A total of 30,330 homes were built in 2024, a decrease of 6.7% on 2023, according to figures from the Central Statistics Office.

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David Murphy handle.invalid · Jan 19, 2025
Michael Lowry bared his teeth at questions about his reputation this week. But why won’t they go away? Analysis: www.rte.ie/news/2025/01...
Questions about Michael Lowry that won't go away

Michael Lowry's role in recent government formation talks has raised criticism and questions about his past, specifically findings about him in the 2011 Moriarty Tribunal. Our Economics and Public Aff...

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