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 Post subject: Snapshot of our Economy - CSO figures
PostPosted: Fri May 18, 2007 11:56 am 
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PostPosted: Fri Jul 06, 2007 8:33 pm 
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PostPosted: Tue Jul 10, 2007 12:40 pm 
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If the likely scenario of an unemployment rate of 8%+ plays out then it could be argued that the surplus workers will drive down wages thus increasing our competitiveness and decreasing the likelyhood of multinationals pulling out.


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PostPosted: Tue Jul 10, 2007 12:46 pm 
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Blindjustice BATONEFFECT wrote:
If the likely scenario of an unemployment rate of 8%+ plays out then it could be argued that the surplus workers will drive down wages thus increasing our competitiveness and decreasing the likelyhood of multinationals pulling out.


Yes. The 2 go hand in hand. Higher unemployment is considered the only way to drive down wages and return competitiveness to normal levels when you are unable to do so by depreciating your currency.

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PostPosted: Tue Jul 10, 2007 12:50 pm 
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http://www.centralbank.ie/data/QrtBullF ... 0Table.pdf

Take a look at the above and look at the technical assumptions for the forecast. Also worth noting that they expect unemployment to max at 4.75%.
Currently its at 4.6% :shock:


http://www.centralbank.ie/frame_main.as ... ub_nav.asp


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