Sunday 28 May 2017

Brendan Keenan: Sure, houses are selling but that doesn't mean we're out of woods

A week is a long time in politics, but in a financial recession like this, a year is just a phase. And therein lies a problem.

Many weeks have gone by since the general election, and there are not that many left until its second anniversary. Not long after that, political thoughts turn to the next election.

The economic cycle is following a different path. When the bailout programme was drawn up in 2010, it seemed a long way to 2013, and not unreasonable to think that it might mark the year of recovery.

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