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Government four year plan in serious doubt as Central Bank reduces growth prediction – Doherty

2 February, 2011 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty has responded to comments from Mícheál Martin in which he said the rise of Sinn Féin is a threat to the economy.

Speaking today Deputy Doherty said:

“It is highly hypocritical of Mícheál Martin to criticise my party on the economy a day after the Central Bank has revised down it growth projections for 2011 down to 1% this year, down from 2.4% three months ago.

“This predicted reduction in economic growth is a direct result of the Government’s budget cutbacks and means that the targets the government set itself in the four year plan are now in serious doubt as it is based on predicted growth of 1.75%.

“The only people who have to worry about Sinn Féin’s economic policies are the bondholders and speculators who gambled on Ireland’s economy.

“This election offers the electorate the opportunity to reject the failed economics Fianna Fáil and Fine Gael and to elect a new Government that can return us to economic growth while protecting our most vulnerable of citizens.” ENDS

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