Tuesday August 11, 2020

Recovery losing momentum - economic watchdog

Irish Fiscal Advisory Council warns the last two budgets have gone beyond a "prudent expenditure of resources"

Ian Guider

Markets Editor

29th November, 2016
Recovery in doubt? Pic: Getty

The Irish economy is suffering from a loss of momentum - and the size of the recent budget has moved beyond a prudent limit, according to the government’s economic watchdog.

In a report released this morning, the Irish Fiscal Advisory Council (IFAC) said the recovery remains at risk to numerous international and domestic shocks, including a hard Brexit, the impact of currency shocks and a loss of competitiveness.

The council, chaired by NUI...

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