Gabriel Makhlouf, the Governor of the Central Bank of Ireland, recently addressed an event in Dublin. He highlighted the critical importance of economic resilience in the face of ongoing global challenges.

During his speech, Makhlouf discussed the insights gained from recent crises, including:

• The pandemic
• Geopolitical tensions
• Supply chain issues

These factors have significantly impacted both households and businesses. He also outlined the Central Bank’s priorities for 2025, emphasizing the necessity to navigate the complexities of the evolving international order that has emerged since World War II.

Makhlouf pointed out the dual nature of the current economic situation, which presents both challenges and opportunities for the Irish economy. As the country adjusts to an uncertain global landscape, it is essential to remain adaptable and resilient.

📎 Related coverage from: bis.org