Tuesday 17 January 2017

Brendan Keenan: Lenihan can't let polls slow him down in quest for cuts

Published 24/09/2010 | 05:00

THE Government needed a lucky break before the weekend opinion polls came thundering down the track. It did not get it.

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The nature of the Irish economy means that figures for quarterly activity every three months jump about the place like a demented cat. Yesterday's data for the three months to June was no exception.

Hopes for a second quarter of growth were dashed, largely because the giant chemicals industry imported a lot of stuff to go into blockbuster drugs and other fancy products. It can give only grim satisfaction to Messrs Cowen and Lenihan that these growth-depressing imports will eventually reappear as hugely valuable exports.

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