OECD report sounds alarm bells

A REPORT on Ireland’s prospects for growth sounds alarm bells about education, training, spending on innovation and research and the need for greater competition and lower labour costs.

The report is the first on Ireland in three years from the Paris-based think tank, the Organisation for Economic Co-operation and Development (OECD).

It notes that Ireland has gone from having the fourth highest GDP per person in the 34 member countries of the OECD to having a government gross debt to GDP which is one of the highest in the OECD.