Jim Power, Chief Economist, Friends First has released his latest Economic Outlook : The Road to Recovery.
Key Projections
- Irish economy will contract by around 6.6% in 2009
- Slim prospect of a return to growth in 2010
- Scope for adding 4% to the top rate of tax and 1% to the bottom rate
- Government must identify and invest in sectors that can grow so as to exploit the global recovery when it comes
- The forthcoming mini budget will be key to our chances of economic recovery
- It is not possible to tax one’s way out of a recession, but very easy to tax one’s way into an even deeper recession
To read the full report and access Jim's other reports click here
