Budget 2016 will not “overheat the Irish economy”, says ratings agency Standard & Poor

S&P claims Irish economy will return to 2007 levels this year

15th October, 2015

The last of the three main rating agencies said the budget is “expansionary, as expected, but unlikely to derail fiscal consolidation”.

It came after Moody’s said earlier this week that Budget 2016 signalled a “loosening of fiscal policy” but Ireland is on course to meet deficit targets.

Fitch also warned the budget is pro-cyclical and more likely to drive economic volatility.

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