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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 gmoke - Jun 18 2 comments
by Frank Schnittger - Jun 13 33 comments
by Oui - Jun 16 17 comments
by Frank Schnittger - Jun 10 29 comments
by Frank Schnittger - Jun 7 28 comments
by Frank Schnittger - Jun 5 24 comments
by Frank Schnittger - May 24 19 comments
by gmoke - Jun 3 2 comments
by gmoke - Jun 182 comments
by Oui - Jun 1617 comments
by Frank Schnittger - Jun 1333 comments
by Frank Schnittger - Jun 1029 comments
by Frank Schnittger - Jun 728 comments
by Frank Schnittger - Jun 524 comments
by Oui - Jun 313 comments
by gmoke - Jun 32 comments
by Frank Schnittger - May 295 comments
by IdiotSavant - May 29
by Frank Schnittger - May 2724 comments
by Oui - May 271 comment
by Frank Schnittger - May 2512 comments
by Frank Schnittger - May 2419 comments
by Oui - May 2339 comments
by Oui - May 2312 comments
by melo - May 239 comments
by ATinNM - May 2210 comments
by Oui - May 1542 comments