Honest debate on economy needed
An intense bout of stock market instability since the start of the year has shown the world economy to be precariously balanced between slow but continued recovery and a fresh outbreak in the decade-long global financial crisis.
The uncertainties surrounding the global outlook should not be lost on politicians here, who are busily engaged in old-style auction politics in the countdown to the General Election. Voters should take note. Leading economists believe the instability threatens to exacerbate the vulnerability of households and companies.
At the World Economic Forum in Davos last week, however, Taoiseach Enda Kenny sought to reassure that Ireland was well positioned to withstand any potential fall-out.