MacSharry, Marc

Wednesday, 20 February 2008

Seanad Éireann Debate
Vol. 188 Nbr. 14


Order of Business.

No IndicatorVoted No More Button

Economic Outlook: Motion.

I move amendment No. 1:More Button

I welcome the opportunity to make a contribution to this debate, in respect of which we should express our gratitude to the Fine Gael group for using its Private Members’ time to deal with is...More Button

Like many economies, the Irish economy is facing its most difficult environment for some time, with both domestic and external headwinds likely to restrain the pace of economic expansion in the sho...More Button

While new housing output has been domestically forecasted to be approximately 55,000 — it could be less — compared to 80,000 last year, it is clear that the demand for housing remains s...More Button

The external environment is more challenging. For example, growth is set to moderate in our two major export economies, the UK and the US. The exchange rate has appreciated and, notwithstanding s...More Button

Notwithstanding recent negative developments, there are substantial grounds for optimism. Domestic demand could not sustain overall GDP growth in the long term and we are witnessing a rebalancing ...More Button

That the economy displayed considerable resilience in the global ICT shock in the early part of the decade is further ground for confidence in our ability to overcome challenges. The performance o...More Button

Fiscal policy plays a key role in terms of providing support for the economy. This year, current spending will rise by approximately 8% whereas revenue will increase by just 3.5%. The package of ...More Button

Notwithstanding the various matters the Minister of State will mention in respect of the amendment — pay in the next round of partnership talks, the national development plan and our investme...More Button

Mr. Stuart Draper, an economist, attacked the media some months ago, making the point that instead of always focusing on the negative, greater responsibility is needed. Despite the changed economi...More Button

Yes IndicatorVoted Yes More Button