Economy moving in better direction

Following the disastrous election results in May, the Government is now under considerable pressure with less than two years to go to a general election.

The most immediate issue to be faced up to is the budget this October and whether an adjustment of €€2bn will be required or not.

The next big issue to be then faced is seeking to ensure that the general economy and particularly the labour market are in a better place in the months leading up to the election. These are difficult questions to answer because the one thing we should have learned from recent experience is that the economic future is nigh on impossible to predict with any degree of confidence, and is always potentially vulnerable to shocks that we not yet have thought about.