Sign up to The Irish Times Archive (1859 - 2008)My Account »
Tue 09 Sep 2008Courage to say No to vested interests is vital for economy
ANALYSIS: What did I tell yesterday's Fianna Fáil meeting? If you weren't there, read on. . .
HOW PAINFUL will the economic downturn be and long will it last? The simple and honest answer is that the slump will be severe and will probably last longer than most people think. The consensus among economic forecasters is for a moderate decline in real GDP this year, followed by a pick-up to low positive growth in 2009. A robust recovery, with growth of roughly 4 per cent, is pencilled in for 2010.
Choose a Subscription type - required
