LinkBack URL
About LinkBacksCENTRAL Bank boss John Hurley warned yesterday that the economy will shrink by more than 6pc this year and it could be even worse than that.
More from Independent.ie
CENTRAL Bank boss John Hurley warned yesterday that the economy will shrink by more than 6pc this year and it could be even worse than that.
More from Independent.ie
Has reality finally dawned on John Hurley? its seems that way.
Not so long ago he was predicting the economy to contract by 0.8% but has had to revise that figure. Going by his track record at getting even the most basic economic forecasts wrong, you can take it to the bank (no pun intended) that it will be alot more than 6%. You might as well ask a class of 6 year olds to pick a random number between 5 and 10. They would be more accurate than this clown.
My guess will be around the 8-8.5% mark.
Without trying to outdo what you just said.
The economy and revenue recipits are imploding.
There will be a kind of stabilisation when 2000/01 GNP/GDP figures are reached.
Its only a chat, we ain't the world council.
In 2000 the Women's Institute in Britain gave Tony Blair the slow hand clap to demonstrate their contempt.
[COLOR="Red"]It was dignified, restrained and effective.[/COLOR]Doesn't Bertie deserve the same scorn. No shouting, no abuse, no agression just a relentless slow clap whenever he speaks in public would be enough to end that man's presidential fantasy.
-3.75,-3.23
At the peak, Construction accounted for 25% of GDP. Seeing that construction has fallen by far more than half - probably by 70%, we're surely looking at a 15% fall in GDP. And thats ignoring the knock on effects of reduced consumer spending.
I wonder should the government consider boosting the dole to around €250 to increase consumer spending. Its a very direct way of putting money into the economy and it might slow job losses.
"Who will bailout the IMF after FF is finished with them?"
And of course, the Workers Party is renowned for its economic prowess and know-howOriginally Posted by Partizan
They can't be much worse than the Central Bank. Hurley is still behind the curve. The contraction will be more than 6% and probably more than 10%
"I will remind the House, perhaps in 12 or 18 months, when prices have again increased by 25% or 30%, that they were told this by the Leader of the House" - Senator Donie Cassidy (April 10th 2008)
I'd say a diffuse injection of capital like that could do more harm than good, taking money out of circulation in effect - what people can save in these times, they will save. Whatever stimulus is to be applied should be targeted towards specific growth areas.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
seeing that bank nationalisation is all the rage these days, then yes.
Erm, have you read the news in the past year?
People on 200 or 250 a week are very unlikely to be able to save.
"Who will bailout the IMF after FF is finished with them?"
Reply With Quote