The perils of prematurely celebrating economic success

The perils of prematurely celebrating economic success

By trumpeting its own economic success prematurely (in terms of the electoral cycle) the government committed a cardinal political error. It now faces a year-and-a-half of mounting economic demands on it when it has the least political strength to resist these demands. Last week Jack O’Connor of Siptu forecast a wage “explosion” next year with thousands of workers lodging claims for pay increases. In the unlikely event that the government manages to jump out of...

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