Wednesday 18 January 2017

Emmet Oliver: We're in a mess, but at least it's not getting any worse

Emmet Oliver

Published 05/05/2011 | 05:00

THE new Government -- in power less than two months -- must still be wondering what kind of economy it has inherited.

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On the one hand, it is an economy in horrendous shape, with a crippling deficit running at almost 11pc of GDP and an unemployment rate of 14.7pc, one of the highest in Europe.

On the other, the economy will actually grow this year -- albeit marginally -- and exports are very buoyant, with February's figures hitting a three-year high. Now, we are learning that tax receipts have also stabilised as recent increases kick in.

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