IBEC economic forecast irrelevant unless Government tackles unemployment - Morgan
Speaking today after IBEC revised upwards their economic forecasts for 2010 and 2011, Sinn Féin Spokesperson on the Economy Arthur Morgan dismissed IBEC’s forecast as irrelevant unless the Government tackles unemployment.
Speaking today Deputy Morgan said:
“The forecasts for economic growth may be more positive in IBEC’s economic outlook, but until the Government get to grips with the unemployment crisis that has ordinary people of this State in a chokehold, these forecasts will remain irrelevant.
“Dealing with unemployment should be the core issue in taking ordinary households out of the downturn but given that a further 6,600 people signed on last month, it is clear that the issue is still not on the Government’s radar.
“IBEC have forecast improvements in consumer spending but the potential for further growth cannot be realised until we give people the potential to earn a living, by giving them jobs. The failure of the Government to realise this will cripple the real economy, especially given that investment activity is expected to drop further in 2011.
“The recession may be over but this means nothing for ordinary people.” ENDS