Sunday 10 September 2023

No 264: Success in the Irish Economy

 THIS article below is about a worry that economists in Ireland have, which we can dream about in the UK!

They are worried about the economy "overheating" - that is, of GDP growing so quickly that it makes inflation also increase rapidly.

Meanwhile, in the UK, we do have high inflation, but certainly not due to fast GDP growth....

Something else Ireland has that we have not had for a long time (since about 2003) is a budget surplus - that is, when government revenue is higher than government expenditure.

Good economic times for them!

Read about it more here: https://www.bbc.com/news/articles/c3gw0888ew5o 

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