- Formulating budgetary policy extremely difficult given uncertain outlook, says chief economist
The Irish economy is on a knife-edge, poised between “overheating” and a major Brexit-related downturn, the State’s chief economist has warned.
- Eoin Burke-Kennedy
- The Irish Times
John McCarthy described the situation as “extraordinarily complex” and uncertain, saying it made forming budgetary policy extremely difficult.
He said overheating could transform rapidly into “underheating” as a result of a cyclical downturn internationally, made worse by Brexit and trade tensions between the US and China.
Mr McCarthy was…