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The economy has been approaching Celtic Tiger boom time growth rates again with 10%+ expected for 2018 and a projected 4% in 2019 (assuming a soft Brexit). Once again these figures are distorted by the activities of global companies basing their HQs in Ireland and state finances are currently experiencing a non-sustainable boom in corporate tax receipts as companies seek the maximise the benefits of Trump's corporate tax "reforms". Fears that the economy will over-heat in 2019 will probably lesson if there is a hard Brexit, as I expect.
For all the artificiality and non-sustainability of some of this "growth" there have been real benefits in terms of unemployment (down from 6.2 to 5.2% over the past 12 months), employment (plus c. 50K on a base of 2,221K in past 12 Months) and rising wages. However the inability of the government to effectively tackle rising healthcare waiting lists (despite massively increased expenditure), homelessness, availability of affordable housing, and availability of broadband in rural Ireland is creating major inequality and resentment.
Varadker's government could be the first to be turfed out of office despite delivering rapid economic growth if it does not tackle these growing problems more effectively, and his adherence to neo-liberal market based "solutions" is not helping matters in this regard. His perceived success in the Brexit negotiations will also count for little if a hard Brexit ensues causing further difficulty for more rurally based agriculture and food producing industries.
The Urban rural divide may become the defining feature of Irish politics in the next few years unless tackled more effectively.
Index of Frank's Diaries
by Bernard - Jul 16 23 comments
by Frank Schnittger - Jul 14 11 comments
by ARGeezer - Jul 10 18 comments
by Oui - Jul 14
by eurogreen - Jul 8 8 comments
by Frank Schnittger - Jul 10 24 comments
by gmoke - Jul 4 39 comments
by Oui - Jul 9 8 comments
by Bernard - Jul 1623 comments
by Frank Schnittger - Jul 1411 comments
by Oui - Jul 14
by ARGeezer - Jul 1018 comments
by Frank Schnittger - Jul 1024 comments
by Oui - Jul 98 comments
by eurogreen - Jul 88 comments
by Frank Schnittger - Jul 532 comments
by gmoke - Jul 439 comments
by Frank Schnittger - Jul 252 comments
by Frank Schnittger - Jun 26106 comments
by Oui - Jun 219 comments
by Frank Schnittger - Jun 2032 comments
by IdiotSavant - Jun 2013 comments
by gmoke - Jun 187 comments