Economic Inactivity, EV Wars, and Regime Roulette: Navigating the 2025 Landscape

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Economic Inactivity, EV Wars, and Regime Roulette: Navigating the 2025 Landscape

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Jim Fitzpatrick and Richard Ramsey explore the shifting dynamics of Northern Ireland’s economy with employment falling and economic inactivity hitting a new grim record high. They examine the political deadlock over Stormont's multi-year budget and the impossibility of proper government in its absence. Turning to car sales for some insight, they discuss why Tesla sales have more than doubled in NI despite a European decline, while Chinese giant BYD has seen fivefold growth. Globally, the discussion turns to "Regime Roulette," analysing the US incursion into Venezuela for its vast oil reserves and Jerome Powell's high-stakes stand for Federal Reserve independence against the Trump administration. The Fed may seem far away, but its independence is a vital pillar of the global economy. The duo provide their usual critical insights into the intersection of global headwinds and local consequences.

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