Thursday, Jun 07, 2007
Bit old
Business Magazine: Housing market bears the brunt as Ireland’s economy wobbles
Housing market bears the brunt as Ireland’s economy wobbles The number of new houses built in the last quarter of 2006 fell for the first time in 10 years, while separate figures showed that the economy’s export performance worsened severely in the same period.
The figures underscore the warning to the country’s politicians from John Beggs, Allied Irish Banks’ chief economist, that delivering on expensive pre-election promises on tax without strong economic growth would lead to a serious deterioration in public finances.
Posted by chris @ 04:17 AM (136 views) Add Comment
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