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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 - Jan 18 18 comments
by fjallstrom - Jan 16 6 comments
by IdiotSavant - Jan 15 66 comments
by Frank Schnittger - Jan 12 83 comments
by Frank Schnittger - Jan 7 36 comments
by Oui - Jan 7 109 comments
by Frank Schnittger - Dec 26 43 comments
by Oui - Dec 28 21 comments
by Frank Schnittger - Jan 1818 comments
by Oui - Jan 175 comments
by fjallstrom - Jan 166 comments
by IdiotSavant - Jan 1566 comments
by Oui - Jan 154 comments
by Frank Schnittger - Jan 1283 comments
by Oui - Jan 91 comment
by Oui - Jan 82 comments
by Oui - Jan 84 comments
by Frank Schnittger - Jan 736 comments
by Oui - Jan 7109 comments
by Oui - Jan 58 comments
by Oui - Jan 3
by Oui - Jan 36 comments
by Oui - Jan 21 comment
by Oui - Dec 313 comments
by Oui - Dec 2821 comments
by Oui - Dec 278 comments
by Frank Schnittger - Dec 2643 comments