...it seems to me that the Irish media has done its best to highlight all the bad news while ignoring the good. Statistics are constantly used, then explained in a manner that highlights how bad things are and how it is only going to get worse for Ireland.
Firstly, this isn’t true; secondly, it’s not helpful; and thirdly, we need to move forward. And who gains from such miserable and negative coverage?
The world is in a dreadful state, no doubt. Ireland’s pillars of prosperity have been eroded by many factors. The construction boom is over and will take two to five years to recover fully. The banking sector is in trouble globally, but there are certainly green shoots of recovery all around the world with Goldman Sachs, Barclays, Merrill Lynch and others announcing better than expected results, with most of them returning to profitability.
Our information technology and pharmaceutical industries, while not impervious to recession, have generally outperformed our main rivals.
Ireland was one of the first into recession but
we seem to have hit the bottom and are now showing real signs of a return to growth.