Medium-Term Review: 2008-2015, No. 11 May 2008

Fitz Gerald, John and Bergin, Adele and Conefrey, Thomas and Diffney, Sean and Duffy, David and Kearney, Ide and Lyons, Sean and Malaguzzi Valeri, Laura and Mayor, Karen and Tol, Richard (2008) Medium-Term Review: 2008-2015, No. 11 May 2008. UNSPECIFIED.

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Abstract

Despite the very real difficulties that are currently being encountered, the essential message of this Review is that the economy will eventually rebound, and return to its medium-term growth path. The analysis in the Review suggests that the Irish economy is resilient in the face of adverse circumstances. When we wrote the last Medium-Term Review in December 2005 we were more concerned that a misplaced sense of economic invincibility had taken hold in Ireland and we sought to draw attention to the very real dangers facing the economy at that time. Unfortunately, some of these problems have now come to pass (along with some we did not envisage). However, if properly managed the slowdown that is occurring in the economy today should pass and the economy should recover fully in the early years of the next decade.

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