Wednesday 28 June 2017

China crisis will rip up our green shoots

A huge and potentially devastating threat to our fragile recovery is looming on the horizon, warns Willie O'Dea

Willie O'Dea

IT has been a week of good news and bad news. No, I am not talking about the prospects for the various presidential election candidates. While it was a week of some interesting poll results, I intend to wait another week or so before talking in depth about the race for the Park.

The good and bad news I am referring to today concerns the prospects for our economy. Last Tuesday, the Department of Finance published the Exchequer returns up to the end of September. These show the State's balance sheet for both spending and taxes collected.

The figures do give us some cause for optimism, especially when taken alongside the compliments from the recent IMF report on Ireland.

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