Brendan Keenan: 'Old' economy rebounds but lack of IT skills is worrying
WE are always told not to ignore the elephant in the room. But actually, if there is an elephant in the room, the natural reaction is to ignore everything else.
This certainly seems a better description of attitudes to the economy. The elephant in question is the ruined banks, and the associated collapse of the public finances. It is getting all the attention, to the exclusion of most other things.
If one removes the elephant, statistically speaking, the rest went pretty well in 2010 -- in some ways better than might have been expected. The bits we would once have regarded as the engine of the economy -- industry and services -- had a good year.