Ireland booming again - do you see it?

Kermit.de.frog

Ireland growing like China according to latest figures released today.

http://www.theguardian.com/world/2015/jul/30/irish-economy-grows-strongly-return-pre-crisis-levels

Have to say I do see an uptick myself. See more construction, people I know getting back to work, I feel I have a little more to spend from my pay packet.

It was always going to be a slow process but it's remarkable when you think we were a busted, bailed out basket case only a couple of years a go.

I do see signs of recovery. Hopefully it spreads beyond the big smoke.

Do you see any signs of recovery in your area?

howamidifferent

Kermit.de.frog wrote: »

Ireland growing like China according to latest figures released today.

http://www.theguardian.com/world/2015/jul/30/irish-economy-grows-strongly-return-pre-crisis-levels

Have to say I do see an uptick myself. See more construction, people I know getting back to work, I feel I have a little more to spend from my pay packet.

It was always going to be a slow process but it's remarkable when you think we were a busted, bailed out basket case only a couple of years a go.

I do see signs of recovery. Hopefully it spreads beyond the big smoke.

Do you see any signs of recovery in your area?

Is that you Enda?

Mesrine65

Well my wage is down €100+ for the same job & now I have to work a 42 hour week as opposed to a 39 hour week (fúck you Croke Park agreement) :mad:

No boom here

pcardin

Kermit.de.frog wrote: »

Ireland growing like China according to latest figures released today.

http://www.theguardian.com/world/2015/jul/30/irish-economy-grows-strongly-return-pre-crisis-levels

Have to say I do see an uptick myself. See more construction, people I know getting back to work, I feel I have a little more to spend from my pay packet.

It was always going to be a slow process but it's remarkable when you think we were a busted, bailed out basket case only a couple of years a go.

I do see signs of recovery. Hopefully it spreads beyond the big smoke.

Do you see any signs of recovery in your area?

I heard on CNN that analysts are predicting a new recession to start by the end of 2016. Better start saving.

Boom_Bap

Mesrine65 wrote: »

Well my wage is down €100+ for the same job & now I have to work a 42 hour week as opposed to a 39 hour week (fúck you Croke Park agreement) :mad:

No boom here

Hi, Boom here.

The_Valeyard

I see us repeating the same fu*cking mistakes again and some of the same people (developers) are back involved.

Catastraf*ck. 2.0

Chips Lovell

I'm waiting for the boom to get boomier.

lawred2

well I just think some people would be better <mod snip>a bit too dark for AH</mod snip>

JustTheOne

The_Valeyard wrote: »

I see us repeating the same fu*cking mistakes again and some of the same people (developers) are back involved.

Catastraf*ck. 2.0

Well surely people can't make the mistake many made during the Celtic tiger.

If they do they deserve whatever comes their way during the next recession.

pickarooney

Growing like China? This China?
http://money.cnn.com/2015/07/07/investing/china-stocks-shanghai-crash/index.html?iid=SF_River

Kermit.de.frog

pickarooney wrote: »

Growing like China? This China?
http://money.cnn.com/2015/07/07/investing/china-stocks-shanghai-crash/index.html?iid=SF_River

lol, yeah, doing better than China then;)

Big Nasty

As it happens yes.

Few years back I was earning good money and had the spare cash for a few man-toys. Place I was working went bang and I ended up earning not a whole lot more than minimum wage. We were surviving but any luxuries went out the window including holidays.

After many, many months job searching I recently landed a job almost doubling my gross income. Was actually offered two jobs the same day!

Steve F

It depends who/what you believe.

The same people telling us this are the same ones that predicted the
"soft landing"

I for one am very skeptical

If there is another boom I do predict that the same mistakes will be made as last time

zl1whqvjs75cdy

Pre bought the decking just in case.

In all seriousness it seems like sentiment is definitely on the up, people in general seem to feel more optimistic. This can be clearly seen in the big up swing in new car purchases and also the growth of house prices. I am a bit concerned that its all (or largely) built on an IT bubble in Dublin. Young people fresh out of college are walking into jobs on 50 k doing software development and the like. We should be acutely aware of the risks of relying too heavily on one particular sector for employment and growth, particularly a sector which has seen bubbles burst in the recent past.

But sure what do I know, now where did I leave that decking hammer.

KungPao

lawred2 wrote: »

well I just think some people would be better off killing themselves

They should at least stop cribbing and moaning.

Saipanne

Note to all.

It is a well established fact that unemployment lags GDP by about eighteen months.

Thank you.

Specialun

Not boomey enough for me just yet

SEPT 23 1989

how many other european countries are growing at that rate?

Hermy

Kermit.de.frog wrote: »

...Ireland growing like China...

What is meant by Ireland in relation to this phrase?

BoJack Horseman

In any other country, topping the continent for economic growth & budgetary consolidation would see a government being quite popular.

Not here though.

Not a NSA agent

Was too young to get multiple mortgages and lots of loans. Will make sure if we're going down I've had my fun. Sure they shouldnt have given me the money, its their fault.

SEPT 23 1989

Not a NSA agent wrote: »

Was too young to get multiple mortgages and lots of loans. Will make sure if we're going down I've had my fun. Sure they shouldnt have given me the money, its their fault.

that's the spirit

Saipanne

BoJack Horseman wrote: »

In any other country, topping the continent for economic growth & budgetary consolidation would see a government being quite popular.

Not here though.

FG still top opinion polls, no?

BoJack Horseman

SEPT 23 1989 wrote: »

how many other european countries are growing at that rate?

Only Luxembourg.
http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tec00115&plugin=1

jaymcg91

A global recession is due to begin in the next 18-24 months (if you look over historical patterns). Thankfully Ireland has sorted out a lot of the mess that landed it into the last one. Hopefully people aren't going to start going crazy with their money then blame everybody else when it falls apart again .

I've already started to save.

BoJack Horseman

Saipanne wrote: »

FG still top opinion polls, no?

And 1/3 lower than when they won the 2011 GE.

KungPao

Any current data on breakfast roll sales?

Gran Hermano

I'm off to Cape Verde this weekend, word is that now is the time to pick up some property bargains.

Mr_Muffin

Gonna buy at least 5 houses when things get good again.

Saipanne

BoJack Horseman wrote: »

And 1/3 lower than when they won the 2011 GE.

Not that bad, considering the unpopular decisions they had to take.

BoJack Horseman

Mr_Muffin wrote: »

Gonna buy at least 5 houses when things get good again.

The smart thing would be to buy them when things aren't good.

Kermit.de.frog

Kermit.de.frog wrote: »

Do you see any signs of recovery in your area?

My rent just went up by €100... so at least my landlord's economy is recovering

The Ayatolla

It's all thanks to Conor McGregor.

Dozen Wicked Words

HSE hospitals still have patients sleeping on corridors of wards, waiting lists for operations or appointments are still growing. Maybe if there is an upturn they could stop reducing hospital budgets year on year as they have been doing, instead of tax cuts.

Chips Lovell

F**k the hospitals. Where's my tax cut?

Saipanne

KungPao wrote: »

Any current data on breakfast roll sales?

The average length of morning queues in Centra with hungover, poorly educated, Sun reading, high viz clad individuals is on the rise.

BoJack Horseman

Saipanne wrote: »

Not that bad, considering the unpopular decisions they had to take.

Its not enough though.

There are 2 governments to chose from next year.

the current coalition, or a FF/SF coalition.

As things stand we will have a new government next year, one that spent the last 4 year opposing the budget consolidation & economic recovery.

SEPT 23 1989

Jep Gambardella wrote: »

F**k the hospitals. Where's my tax cut cocaine?

.

Buona Fortuna

JustTheOne wrote: »

Well surely people can't make the mistake many made during the Celtic tiger.

If they do they deserve whatever comes their way during the next recession.

Probably skip the decking and patio heater this time round.

JustTheOne

History will be kind to this government.

The unwashed of the country have us believing doom and gloom everyday and the country is on its knees.


Little do they know how good a country Ireland is whether you're employed or unemployed.

seamus

jaymcg91 wrote: »

A global recession is due to begin in the next 18-24 months (if you look over historical patterns). Thankfully Ireland has sorted out a lot of the mess that landed it into the last one. Hopefully people aren't going to start going crazy with their money then blame everybody else when it falls apart again .

I've already started to save.

As they say, economists have successfully predicted ten of the last three recessions.

eviltimeban

Who's de boom king?

I'm da boom king!

ZeroThreat

Saipanne wrote: »

The average length of morning queues in Centra with hungover, poorly educated, Sun reading, high viz clad individuals is on the rise.

I guess the long mile road is about to become a big carpark every morning again then.

RomanKnows

Yes. The company I work for is taking on hundreds of new staff over the next 5 years. It's involved in a vital part of State infrastructure, and the hiring policy is based on increased demand for our services. These are good jobs in areas like engineering, IT and law.

mahoganygas

Thankfully I was never made unemployed during the recession, and for that I am grateful. But I found an old pay slip from years ago an nearly cried.

After working mental hours and focusing on my career I was lucky to get a few pay rises and promotions. BUT I'm coming home with less pay today thanks to the current tax system.

It really makes me feel like the last few years were such a waste. I should have been out enjoying life instead of sitting in an office till midnight. I no longer want to work hard at my job, because why would I?

I know there are people out there who lost their jobs and would kill to have the opportunity to work hard in my job. But i'm just so demoralized. There's no longer an incentive to work hard and make a better living. If the boom comes again, I doubt i'll try to better my career again.

Cee-Jay-Cee

I see nothing in my wage, I still have fcuk all money each week, prices are increasing, I actually got a pay increment after 7 years on the same pay grade (and with huge cuts from
2008 to 2012) My increment was €37 gross week, after tax prsi USC pension levy and whatever other ****e the government are fleecing us for, I take home €14 extra out of my €37 increase. What a fcuking joke!

jaymcg91

seamus wrote: »

As they say, economists have successfully predicted ten of the last three recessions.

A few of the issues that economists argue will weigh heavy on the global economy:

Greece still hasn't been fully resolved

Ultimately unpayable debts and obligations held by France, Italy, Portugal and Spain

The economic slowdown in China

Canada and Australia will both enter recession this year because of the drop in price in oil / minerals

A (overly) strong dollar will force some Latin American countries into recession

Lack of living wage for many people across the developed nations - unemployment figures are down but discretionary spending isn't increasing as much as needed - because people are only being paid enough to exist.

They are a few that I can think of right now. Fun times ahead :P.

Kermit.de.frog

mahoganygas wrote: »

Thankfully I was never made unemployed during the recession, and for that I am grateful. But I found an old pay slip from years ago an nearly cried.

After working mental hours and focusing on my career I was lucky to get a few pay rises and promotions. BUT I'm coming home with less pay today thanks to the current tax system.

It really makes me feel like the last few years were such a waste. I should have been out enjoying life instead of sitting in an office till midnight. I no longer want to work hard at my job, because why would I?

I know there are people out there who lost their jobs and would kill to have the opportunity to work hard in my job. But i'm just so demoralized. There's no longer an incentive to work hard and make a better living. If the boom comes again, I doubt i'll try to better my career again.

But things like this don't change over night. If the economy is doing better the government might have more room to reduce the tax burden on you in the next budget.

If it was doing worse than they wouldn't.

Steve F

jaymcg91 wrote: »

A global recession is due to begin in the next 18-24 months (if you look over historical patterns). Thankfully Ireland has sorted out a lot of the mess that landed it into the last one. Hopefully people aren't going to start going crazy with their money then blame everybody else when it falls apart again .

I've already started to save.

You are joking,right?

Of course people will make the same mistakes it's been happening since time began:rolleyes:

Duiske

pcardin wrote: »

I heard on CNN that analysts are predicting a new recession to start by the end of 2016. Better start saving.

Thing were bad enough at the start of the recession, but it was scaremongering like this that made the situation even worse. When people feel confident about the economy they tend to spend more into the economy and save less. It helps keep things ticking over. When harbingers of doom spread baseless ****e give their opinions it can lead to less spending. This is then seen as a contracting economy, people lose confidence and spend even less. A vicious circle.

Areyouwell

Kermit.de.frog wrote: »

Ireland growing like China according to latest figures released today.

Is that you Bertie?