Austin Hughes: Why €8bn in savings won't wreck the economy

Austin Hughes: "A clear feelgood factor is markedly absent now because the financial and psychological fall-out from the financial crisis still weighs on Irish consumer sentiment and spending."

Recent economic news is really encouraging but talk of a consumer boom could be misleading and even potentially damaging. 

We might soon talk about the pandemic in the past tense and even economists are sounding upbeat and the word "boom" is becoming more widespread.