Sunday 22 January 2017

'Comeback kid' Ireland still has problems to face

Published 16/09/2015 | 02:30

Michael Noonan
Michael Noonan

For Michael Noonan, it doesn't get much better than this.

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Just days after figures showed the economy was racing ahead at a faster pace than most had expected, a global, influential think-tank arrives in town heaping praise on the Government and describing Ireland as the "comeback kid" of Europe's crisis-hit economies. But while the latest assessment from the Paris-based Organisation for Economic Cooperation and Development (OECD) - an international club of rich economies - gives the minister a pat on the back, it also serves as a crucial reminder of the problems he faces from the stronger than expected recovery.

Angel Gurria, the loquacious OECD chief, was gushing about Ireland's growth figures, and predicted we'd top the league among the OECD's members in 2015 for the second year running.

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