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Sat 07 Jul 2008Government and Opposition lack credibility on financial crisis
Main Opposition parties competed with FF in making unsustainable election promises, writes Garret Fitzgerald.
REFLECTING RECENTLY on the prospects for our economy, I was reminded of a "law" I invented many years ago, to the effect that "economic forecasters generally underestimate the scale of future change, both upwards and downwards". This was true of forecasts for the Irish economy throughout the Celtic Tiger period. The ESRI came nearest to being right in those heady 1990s.
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