Wednesday 26 July 2017

Economic growth will be proof we are on right road

At the outset of his Budget speech yesterday, Finance Minister Michael Noonan said that the "real measure" of success for his proposals would be a growing economy.

One might say as much about any Budget, in any circumstances. But the statement was particularly pertinent at this time.

Mr Noonan is struggling to bring a monstrous deficit under control. He has the support of the EU-ECB-IMF bailout troika – by all accounts, support which includes nudges in the right direction. At the same time, he was aware that the country expected widespread pain.

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