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Ireland's Five-Part Crisis, Five Years On: Deepening Reform and Institutional Innovation (135)

07/11/2013
Economy and Finance, Others
In 2009, NESC published Ireland’s Five Part Crisis and Challenge. Nearly five years later, the current report Ireland’s Five Part Crisis, Five Years On — Deepening Reform and Institutional Innovation points to some key areas of recovery: significant fiscal consolidation, some recovery of competitiveness, export growth and the resilience of Foreign Direct Investment. However, it also notes that domestic and international factors continue to constrain recovery, in particular the fragility of global growth, weakness in the Euro area, low levels of investment, high levels of overhanging debt and the scale of unemployment.