Tuesday 20 February 2018

Donal O'Donovan: Looks as if we're going to need a 'bigger bucket'

Spending: Former Finance Minister Charlie McCreevy
Spending: Former Finance Minister Charlie McCreevy
Donal O'Donovan

Donal O'Donovan

His bucket doesn't runneth over quite yet, but less than two years since the end of the bailout Michael Noonan faces the unexpected difficulty of managing rapid growth.

Figures released yesterday confirm that the Irish economy is powering ahead of our European neighbours. Growth of 6pc this year is a pace economists would more expect to see in China and other so-called emerging market economies.

The unexpectedly robust recovery here is putting thousands of us back to work, but the current out-performance undoubtedly carries uncomfortable reminders of 10 years ago.

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