DKM questions the need for giveaway budget

DKM Economic Consultants has joined the likes of the Economic and Social Research Institute (ESRI) in questioning the need for the Government to pump significant sums into the economy in next week’s budget.

In its latest ‘economy watch’, DKM said yesterday that private consumption is likely to contribute positively to Ireland’s economic growth during 2016, following an expansion of over 3% this year. Consensus forecasts are for private consumption to grow 2.7% in 2016.

“As market conditions improve and the recovery takes hold, one may question the need for additional fiscal expansion in the upcoming budget,” said DKM chairman Brendan Dowling.