Advisory body calls for “credible” economic plan

The report noted the country still has one of the highest debt burdens in Europe

6th June, 2018
Finance Minister Paschal Donohoe Photo: Sam Boal/RollingNews.ie

The government has been issued with a stark warning by its council of economic advisers urging caution in October’s budget as the economy is potentially growing too fast and risks overheating.

The Irish Fiscal Advisory Council (IFAC), in a report published this morning, said the economy has been growing faster than its potential since 2014 and this poses serious dangers if offsetting measures aren’t taken.

IFAC said much quicker increase in housing...

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