Will a global economic recovery be Ireland’s panacea? Dreams (and nightmares) for 2010
With the global recession being just a coincidence for Ireland, whose exports have actually grown this year, what will the likely impact of any global recovery be? This post explores two sets of scenarios, a global dream/snooze/nightmare and a domestic equivalent. Given the nature of Ireland’s economy and its exporting sector, even a global dream recovery is likely to have little economic impact in Ireland. It’s the domestic consumer that will drive our next phase of growth. Read more