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Im thick :D

  • 21-01-2009 1:08am
    #1
    neon_glows
    Closed Accounts Posts: 873 ✭✭✭


    How long will this recession last for? When goverment spending on public services will be renewed and companys will start opening up or hiring again? Is it possible to predict? Are we talking 2 years? 2 - 5 years? 5 - 10 years? 10 - 20 years?


Comments

  • #2
    Tipsy Mac
    Closed Accounts Posts: 2,559 ✭✭✭Tipsy Mac


    Globally I would say things will pick up in early 2010, in Ireland I would think we will need a minimum of 2020 as there's such a mess to sort out in the public service that's going to take years of legal action and strikes to sort out before the country can afford to run itself.

    Good thing is houses should fall in price by about 40% by this time next year as repossessions come on the market driving prices further down.


  • #3
    P. Breathnach
    Registered Users, Registered Users 2 Posts: 12,089 ✭✭✭✭P. Breathnach


    If you think being unable to answer those questions proves that you are thick, then I suspect that we are all thick.

    My guess: more than 2 years minimum; no opinion on maximum.

    My real concern is not how long it will last, but how deep it will be.


  • #4
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    Honestly, we're very much in uncharted waters at the moment and I don't think anyone is able to forecast accurately beyond a few months right now. That said, the big factors in an Irish recovery will include the world economy picking up, specifically our major export partners, and how this whole banking mess pans out over the next six months or so.


  • #5
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    Tipsy Mac wrote: »
    in Ireland I would think we will need a minimum of 2020

    11 years minimum?

    Check your second derivatives :pac:


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