Irish governor calls for fiscal prudence
Government’s debt target may need to be revised, argues Lane
The governor of the Central Bank of Ireland has warned that the country’s government needs to pursue a countercyclical fiscal policy to prepare for possible future risk.
Short- and medium-term projections for the Irish economy foresaw “considerable expansion”, said Philip Lane in a speech given in Dublin on September 8. Ireland’s recovery was mainly driven by home-grown factors, he noted, with domestic demand projected to grow by 4.5% in 2017 and by 4.0% next year. Unemployment was set to fall
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