Even if economy is picking up pace it could still come off rails
Yesterday's report by the ESRI paints a quite rosy economic picture for 2017. Next year the Irish economy will grow strongly, the institute's economists reckon, and at a much faster pace than almost every other developed economy.
They predict that there will be more jobs and less joblessness. Their crystal ball tells them that in 2017 the Government will take in more revenue than it spends, something which, if proved correct, will be the first time the State's books have been in balance in a decade.
Although one can only hope that the ESRI's predictions turn out to be correct, they seem just a tad too rosy given all that is happening at home and abroad.