Monday 23 January 2017

Economy is slowing - and we can't ignore it

The economic red lights are flashing. If a slump coincides with Brexit and industrial unrest, bad times will be back

Published 06/11/2016 | 02:30

If the slowdown turns to slump, or even outright recession, the position on public finances, among many other things, will quickly turn critical Photo: Depositphotos
If the slowdown turns to slump, or even outright recession, the position on public finances, among many other things, will quickly turn critical Photo: Depositphotos

For a half decade after 2007, writing or speaking about the Irish economy was a grim task; it was always to be the bearer of bad news.

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From 2012, however, things were different. The dashboard of economic indicators showed an ever improving picture. Nearly every measure was pointing in the right direction.

But now, for the first time in four years, there is significant evidence that the recovery is running out of steam.

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