The Experts agree that “Ireland has turned the corner”
The Irish economy will recover faster then several other European countries and that the economy has “turned a corner” according to world financial experts. A key global rating agency has offered one of the most optimistic economic assessments to date and will inspire confidence that the Irish economy is indeed on the road to recovery.
The Standard & Poor credit rating agency, who over the past has given Ireland an increasingly negative economic assessment, has indeed provided a distinctly upbeat assessment of our economic prospects. Standard & Poor’s chief economist David Beers stated “that Ireland’s competitiveness is improving because the labour market is flexible, they’re cutting salaries. So we think among the peripheral countries it would be the first to begin to recover. People think that the Irish political establishment may be suffering from exhaustion reform and fatigue. We actually do not detect that”
These comments with made at a most recent financial conference in Washington involving the International Monetary Fund and the World Bank. In closingMr Beers stated “the Irish economy is likely to recover faster than other weak euro zone countries such as Portugal, Spain and Greece because it has an extremely flexible private sector and the constant flow of foreign direct investment is consistent”
John McCarrick
John McCarrick and Associates
11 Dunville Avenue, Rathmines
Dublin 6,Ireland
Telephone:01 4960102
Fax: 01 4973717
