‘Reflection should reassure us that the Irish economy remains in good health,’ he said. ‘The belief that Ireland’s prosperity may be coming to a shuddering end does not stack up but a reality-check is nonetheless warranted.’1 McCoy noted the decline in construction and the drop-off in consumer spending as evidence that domestic growth would slow in the last quarter of 2007. ‘Yet none of these spell disaster for the economy,’ he wrote, ‘rather, they are signs of a welcome rebalancing of the economy. A rebalancing that we should cheer, not fear.’ The main reason why we should not worry, argued McCoy, was exports. ‘Ireland is a trading nation,’ he said, ‘and our prosperity is determined by our ability to sell our goods and services abroad.’ The strong performance of exports in 2006 and the first quarter of 2007 was offered as proof that whatever about the decline in domestic economic activity, a sustained growth in exports should see us right. The past was bright, the future brighter still.
What do You think about Sins Of The Father (2013)?
