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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 Frank Schnittger - Nov 10 47 comments
by IdiotSavant - Nov 8 14 comments
by Frank Schnittger - Nov 6 33 comments
by Oui - Nov 8 1 comment
by Oui - Nov 4 17 comments
by IdiotSavant - Oct 15 6 comments
by gmoke - Nov 8
by Frank Schnittger - Oct 31 54 comments
by Oui - Nov 13
by Oui - Nov 124 comments
by Frank Schnittger - Nov 1047 comments
by Oui - Nov 81 comment
by IdiotSavant - Nov 814 comments
by gmoke - Nov 8
by Frank Schnittger - Nov 633 comments
by Oui - Nov 417 comments
by Frank Schnittger - Oct 3154 comments
by Frank Schnittger - Oct 3031 comments
by Oui - Oct 2915 comments
by Oui - Oct 2713 comments
by Cat - Oct 2512 comments
by Oui - Oct 252 comments
by ARGeezer - Oct 2532 comments
by IdiotSavant - Oct 2520 comments
by Oui - Oct 24136 comments
by Oui - Oct 236 comments
by Frank Schnittger - Oct 2235 comments
by Frank Schnittger - Oct 2089 comments