Tough decisions ahead for Finance

The difficulty for the Department of Finance and for new Minister for Finance Brian Lenihan is that, in terms of the economic outlook, they are shooting at a moving target.

21st June, 2008

The difficulty for the Department of Finance and for new Minister for Finance Brian Lenihan is that, in terms of the economic outlook, they are shooting at a moving target.

Expectations for economic growth have been revised downwards again and again as the construction downturn has hit home, combined with record oil prices and the soaring cost of many food products.

The precise impact of this on the outlook for economic growth is difficult to...

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