Package does little to change the bigger picture

The Government’s €2.25bn fiscal stimulus plan is much more about presentation than anything else.

It certainly is no gamechanger in the Government’s efforts to put the economy back on a path to a durable recovery. But in terms of optics, it is an important development and its significance should not be underestimated.

Davy Stockbroker economist Conall MacCoille notes that the €2.25bn injection into the economy is equivalent to 1.4% of GDP.