Mick noted previously Garret Fitzgerald’s article on missed economic opportunities, and warnings about undermining US investors’ confidence, but as the report on the Irish Times frontpage today suggests those potential investors have much more pressing concerns at home. [no subs req]
TAOISEACH BERTIE Ahern has warned of a “hard year” ahead for the Irish economy in his most downbeat assessment to date of the repercussions of the sharp economic downturn in the US. Mr Ahern said a huge range of companies in the US were facing serious problems, a situation that would have an inevitable knock-on effect on the world economy.
In a specific reference to the effects on Ireland on what many commentators say is a looming recession in the US, the Taoiseach said: “We won’t escape that. What we have to try to do is keep up the growth rates.”