Life after ‘lost decade’ will have its own challenges
The report generated a lot of catchy headlines in the media and attracted a lot of general attention, some of which might have obscured the substance of our conclusions and the data behind them. Consequently, the public and professional reaction to our report has been mixed. Some have agreed with its conclusions, while others have derided me personally for not understanding what is going on around the country.
Given the reaction, it is worth clarifying what Goodbody is and isn’t saying in our latest Irish economy Health Check. First of all, based on our projections for the rest of the year, the aggregate level of spending in the economy will indeed reach pre-crisis peaks this year, exactly a decade on.
