The cost of the recession and bank bailout is pushing our economy to breaking point. Latest forecasts from the Department of Finance estimate our debt to GDP (gross domestic product) ratio at 111% by 2013. Stockbroker forecasts believe this is an underestimate and forecasts range from 114% to 120% of GDP by 2013-14.
Posts Tagged ‘economics’
The government is to unveil its so-called ‘Jobs Budget’ in May, shortly before the arrival of Queen Elizabeth and President Obama, The Sunday Independent reports.
Concerns are growing that more money will be needed to bail out Ireland’s beleaguered banking sector, particularly AIB, when the results of stress tests are announced formally at the end of the month, The Sunday Business Post reports.
Just when you thought things couldn’t get any worse, along come those pesky would-be democrats in the Arab world and send the price of oil spiralling. Still, it’s an ill wind as usual and the crises throughout the Middle East and North Africa will likely keep an awful lot of pundits in business for an awfully long time.
Many election promises seem destined to be broken at the best of times but in the worst of times, they are likely to gather dust on the shelves of the parties’ headquarters whether there is a will to implement them or not.