What are consumers to make of the confusing signals being sent out about the performance of the Irish economy? Upbeat one minute, downbeat the next; able to sustain all sorts of financial initiatives while twisting with anxiety over inflation.
To some extent, this is a consequence of the preconditioning that is taking place for the public sector pay round. It is also a product of various balloons being floated to see what happens to them in the run-in to the budget this autumn. Special interests are doing what used to be known in rugby circles as “getting their retaliation in first”.
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