Brendan Keenan: Economy may yet deliver a pleasant surprise to many
Published 21/07/2010 | 05:00
ABOUT the only thing you can say with certainty about the Irish economy is that it tends to do surprising things, both good and bad. It may surprise us again.
Indeed, if it's still the same little economy, a lot of people could be in for a pleasant surprise. Right now, few give much for its chances, at home or abroad. But a continued global recovery, and the kind of response we got from business in the past, could see those attitudes confounded very quickly.
That would be in what the Economic and Social Research Institute (ESRI) calls the "high-growth scenario" in its latest medium-term look at the economy. (Its regular quarterly commentaries look just one year ahead).