Wednesday, 27 June 2012
Invest and do no further harm
The Nevin Economic Research Institute will be publishing its second Quarterly Economic Observer later today. Click here to download the full document. Commenting on the report, NERI Director Tom Healy called for a more gradual approach to fiscal adjustment that allows space for domestic demand to recover as well for investment to have a positive impact on employment and output. He stated that a stimulus through investment and holding to the current level of public spending could help restore confidence and improve revenue buoyancy in the short term while taxes on high-income and high-wealth households would begin to move Ireland towards European norms of taxation.