Monday 19 March 2018

Consumers are being driven by sense that the worst is now over

Thomas Molloy

Thomas Molloy

THE late Seamus Heaney once said that he had "begun to think of life as a series of ripples widening out from an original centre".

Our much-missed Nobel Laureate did not often write about the economy but his notion of ripples from a central point is a useful way of thinking about what is going on at the moment.

The original centre of all these ripples is the return of confidence to many parts of our society, especially the capital where shopping bags can be seen on the streets once again while commercial and residential property sales are booming. This, in turn, is fuelling a remarkable surge in the all-important services sector which is growing at the fastest rate we have seen in six years.

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