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Government Must Ensure Recovery is Sustainable


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Old 09-19-2014, 06:44 AM   #1
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Eire Government Must Ensure Recovery is Sustainable

Chambers Ireland has today (18/09/2014) welcomed the quarterly national accounts which show that the Irish Economy grew by 7.7% in GDP terms and by 9% in GNP terms year on year.

Speaking this afternoon, Mark O'Mahoney, Director of Policy and Communications, Chambers Ireland said “We welcome the Government's commitment to sustaining this recovery and boosting Ireland's competitiveness. Increasing the numbers of people in work must remain the core priority for Government.”

“The strong growth in GNP and consumer spending shows us that the Irish economy is now well and truly in recovery mode. However, we must ensure that this economic growth is sustainable into the future. The lessons from the past must be learned, and our economy's recovery cannot be jeopardised by short-termism or any loss of competitiveness through increasing costs to employers,” he concluded.
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