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

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