'ESRI gives plenty of reasons to be cheerful but just as many to be cautious'
A cursory glance at growth and recovery is more encouraging than detailed diagnostics, writes Jack-Horgan Jones
The latest quarterly economic commentary from the ESRI points to ‘certain countervailing forces’ in the Irish economy. And the think-tank is correct - while there is plenty propelling the economy forward, there is also plenty of reason to be cautious, if not fully negative.
Reasons to be cheerful: headline economic figures, especially rampant GDP growth, and a tumbling unemployment rate (the ESRI thinks this will come down to 6.2 per cent in 2017...
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