Economics
John Walsh: With a downturn on the way, the government must focus on the things it can control
There’s not much Ireland can do about the growing list of threats to the corporate tax that we rely so heavily upon, but the government can try to avoid the mistakes of the past and keep a tight rein on spending
Ireland is heading for an economic downturn, but whether it turns into a recession, or something even worse, depends on events that the government has absolutely no control over and policy decisions where it does.
The slump among technology firms was always going to affect Ireland disproportionately, as it is one of the most open, globalised economies in the world with a huge dependence on foreign direct investment (FDI).
But there is a big difference ...