Thursday 8 December 2016

Colm Kelpie: We're nearly out of the woods – but not quite

Published 11/04/2014 | 02:30

John Fitzgerald, Economic and Social Research Institute
John Fitzgerald, Economic and Social Research Institute

ARE we out of the woods? Not quite, but the Economic and Social Research Institute (ESRI) believes we're much further forward than anticipated.

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The Government had planned one more austerity Budget with about €2bn set to be raised through painful tax hikes and spending cuts.

The ESRI is now saying there's a chance that the measures that have already been taken, combined with the pace of the recovery, could lead to crucial deficit targets being met without the need for any new cuts.

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