Friday 25 May 2018

More reason for economic optimism, but beware - Brexit is just a vote away

The recovery continues apace and some, but not all, of the risks of derailment from abroad are subsiding, writes Dan O'Brien in Shanghai

Stock photo: Irochka - Fotolia
Stock photo: Irochka - Fotolia

If there is any city that epitomises how the world is changing it is the business capital of China. It is hard to be in Shanghai and not be infected by the pulsing sense of progress that tingles through every sinew of this city.

But even before departing Dublin in the middle of last week, there was plenty to be optimistic about on the home front. On Tuesday, the latest jobs report was published. Whereas five years ago the sheaves of statistics in the quarterly employment report contained a near infinite amount of things to cause despair, now nearly all the numbers give reason to be upbeat about Ireland's economy.

The figures showed that in the first three months of this year, the numbers at work rose at one of the strongest rates recorded since the recovery began. It brings to three-and-a-half years the duration of almost uninterrupted jobs growth.

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