Thursday 29 June 2017

David McWilliams: How we'll all get scalded when they break China

David McWilliams

David McWilliams

THIS week we are going to raise our heads above the lip of the European trench and have a look at the rest of the world. This is critical to an Ireland where the strategy of export-led growth needs the world to grow, to buy the exports that we make.

Regular readers will appreciate that this column is not too persuaded about the ability of exports to do the heavy lifting for the economy.

Without domestic demand, the Irish rate of unemployment -- the only really meaningful economic indicator -- is not likely to fall.

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