Monday 19 February 2018

Dark days coming to an end as economy inches back into black

Thomas Molloy

Thomas Molloy

THERE was a full house for breakfast at Carton House on New Year's Day after hundreds of revellers had flocked to the ancestral seat of the Dukes of Leinster to ring in 2013 in style.

The hotel is much cheaper than it used to be but it still takes a certain amount of confidence in your future to spend the last day of the year partying in a stately home after an expensive Christmas and another harsh Budget. While many of those nursing a hangover that morning probably had other things on their minds, they were yet another collective sign that the economy is beginning to mend.

The New Year is just a few days old but it has already produced a blizzard of positive economic data. Yesterday evening, the Irish stock exchange closed at its highest level since September 2008.

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