Summary Q3 2024
Irish Economy
A combination of steady employment growth and real wage growth is expected to boost households’ real disposable incomes, underpinning continued consumption growth. Preliminary GDP estimates indicate that the economy grew in the third quarter of 2024, expanding by 2.0% quarter on quarter.
Inflation
Euro area annual inflation rate was 1.7% in September 2024, down from 2.2% in August. A year earlier, the rate was 4.3%. EU annual inflation was 2.1% in September 2024, down from 2.4% in August.
IPU Calls for Expanded Role
The Irish Pharmacy Union (IPU) is advocating for a
more extensive role for pharmacies in community healthcare. The IPU propose expanding vaccine services, introducing chronic disease management, and offering oral contraception through pharmacists.
Global Economy
Global growth is expected to remain stable but underwhelming. Emerging markets face challenges, including commodity disruptions and conflicts. In contrast, growth in Asia is bolstered by strong demand for semiconductors and AI-driven investments.
LloydsPharmacy Rebrands as McCabes
McCabes Pharmacy rebranded their LloydsPharmacy, Ashleaf store in Dublin to McCabes Pharmacy, marking the beginning of a new era in community pharmacy care as McCabes Pharmacy expands its footprint with 112 stores employing 1,400 people. In the coming months, a further 79 pharmacies across Ireland will undergo rebranding across many counties.
