The Irish economy

One story i read on RTE.e says stats from the first 3 months of the year show we're coming out of the recession while another story on the site says that the unemployement rate has increased.

Tell me, do yous think things back home are getting better, still the same or even getting worse?

Not anything like good news..........as stated, unemployment will continue to rise, and if/when Eurozone slips back into recession, things will continue to get worse..........no light at the end of this long tunnel yet

http://news.bbc.co.uk/1/hi/business/10460207.stm

Wallet ?? What the fcuk is that ?

The global economy will grow by 9%-12% driven mainly by output from China and India. If you want to grow you need to be able to hang on to these guys and get exporting.

Certain mods are complete wankstains

ireland is far from out of the sh1t, but this is still a great sign

The first time the Devil made me do it. The second time I did it on my own.

Trap junior wrote:

Alot of propaganda driven by journos/economists under the thumb of Fianna Fail. We are f**ked for the next decade.

Exactly.

How can these fools say we are coming out of recession when those idiots couldnt even predict the recession in the first place and most denied it was happening for 6/9 months.

Idiots.

"Smalling and Jones.... have the potential to be the PL’s best ever pairing in my opinion." - SlurAlex

The recent growth was almost exclusively down to exports driven by foreign companies who also export their profits so I believe that when adjusted the economy actually shrank by a very small amount in that time. So I feel it's a false dawn.

I'm not an economist but in my simplistic take on this we have been totally hamstrung by the banks in my opinion. If they had behaved prudently I reckon we would have gotten the "soft landing" some were hoping for. Nobody denies a corporate body being ambitious and driven by profit but these guys were careless. If we were not now bankrolling these banks the economy would be in far better shape and there would be more money for the indigenous industries to borrow and to expand which is where the economy will truly thrive. Relying on non-national companies to drive the economy is false as they can (and will) pull out with no warning.

Sean Og O Hailpin.... his father's from Fermanagh, his mother's from Fiji, neither a hurling stronghold."

Story on RTE.ie yesterday sayin somethin like 6000 added to the live register last month!!

Edited by BigPodge - 01 Jul 2010 at 6:00am

unemployment always lags behind a recovery, having said that not much light on the horizon for the next year or 2 imo

'Irish' Songs for an Irish team - no SPL EPL generic sh*te
Richard Dunne - 6th Sept 11 - best marshalling of a defence in Moscow since General Zukov Russia V Germany 1941

I find this report sickening, this country is a long way from being out of recession, i saw some dumb bitch on rte last night saying that her husband had gone from a three day week back to full time so everything was grand now,
as someone who has had to make 20 people redundant in the last few months i think the bubble heads who are running this country are so far removed form reality its shocking, the Dail has spent most of the week talking about the rights of animals and opposition parties using it as a political football just shows the weakness of the majority of policticans in this coutry.
I was only last night reading about this venture in Athlone to bring 10000 jobs to the area by providing a European hub for Chinese companies(link below). These are the things that should be headlines on our news and be discussed in the Dail not weather its ok to chase bambi around the country side.

http://www.independent.ie/national-news/welcome-to-lovely-athlone-the-bustling-new-beijingonshannon-2229548.html

rant over