Analysis > GDP

The Governor writes…

You wouldn’t expect the Governor of the Central Bank to recommend the Government does something wacky in the Budget, and in his pre-budget letter to the Minister for Finance, the governor doesn’t disappoint. His key recommendations are, firstly a long-term need to reduce debt well below the 60% limit set by the Maastricht Treaty and, secondly any budget-day help for first time buyers should not make things worse. The Governor would like to see long-term budgetary targets that can “act …

The real story behind Ireland’s ‘Leprechaun’ economics fiasco

Over the past few days we have learned much about the true story behind Ireland’s so-called “Leprechaun” economic figures. Senior civil servants and ministers were blindsided by the astonishing 26% economic growth figures for 2015 from the Central Statistics Office (CSO) – issued on 12 July. Some of the mandarins found out after the media, who were given the information under embargo 30 minutes in advance of publication at a press briefing. When the statisticians dropped their bombshell last week, ministers …