Ireland booming again - do you see it?

andrew · 30-07-2015 06:03PM

jaymcg91 wrote: »

Possible Australian Recession

http://www.theage.com.au/comment/millennials-are-about-to-be-hit-by-their-first-recession-20150702-gi33j9.html

http://www.dailyreckoning.com.au/prepare-for-recession-in-the-australian-economy/2015/05/29/

Possible Canadian Recession

http://business.financialpost.com/news/economy/is-canada-still-flirting-with-recession-fridays-gdp-report-will-reveal-more

http://www.thestar.com/opinion/letters_to_the_editors/2015/07/25/is-canada-heading-into-recession.html

So not sure what the confused face was for :rolleyes::).

The

was just due to official forecasts (you did say 'Economists' : Bank of Canada, Australia, Roubini Global Economics), which don't forecast a recession for either of those countries. The articles you've posted are very much a 'well maybe kinda sorta', even more so than most forecasts. Not that it matters for us anyway, since it's the UK and America we trade with.

Saipanne · 30-07-2015 06:13PM

I love the "I'm not personally feeling the effects of the upturn, therefore its not happening" comments...

andrew · 30-07-2015 06:24PM

GDP.PNG

Now you've all seen it

/thread

mikom · 30-07-2015 06:27PM

When my young lad makes a shite in his nappy he announces it by loudly proclaiming "Boom......... Boom".
With that in mind I suppose you could say Ireland is "booming".

RichardCeann · 30-07-2015 06:31PM

Diego Simeone wrote: »

Regardless, Canada and Australia are small enough to be almost inconsequential to the global economy. A minor recession driven by falling commodity prices in those countries will be unnoticed in Europe.

Be noticed in Ireland when they cull the quotas for working holiday visas due to rising unemployment. The first round of Canadian working holiday visas for Irish citizens were snapped up in under ten minutes just last April. Still large numbers of young Irish people wishing to emigrate to these two countries and if their economies enter recession and unemployment rises, the drawbridge will come up.

DarkyHughes · 30-07-2015 06:33PM

There's an easy way to find out.

Get a straw, your & a line of coke. If the coke is good the economy is good if it's meh then then the economy is not so good.

Cabaal · 30-07-2015 06:35PM

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

But you essentially get that money back via your pension, so its not all bad

BoJack Horseman · 30-07-2015 06:38PM

namloc1980 wrote: »

More activity around for sure but alot of this growth is exports and the IT sector. I'm not seeing it in my wage. In fact things have got worse with property taxes, water charges, reduced tax credits etc mean less take home now than at the height of the recession.

The government is not the economy!

BoJack Horseman · 30-07-2015 06:39PM

DarkyHughes wrote: »

There's an easy way to find out.

Get a straw, your & a line of coke. If the coke is good the economy is good if it's meh then then the economy is not so good.

One hopes Ireland has learned the mistakes of the past & all coke is now good.

Streetwalker · 30-07-2015 06:44PM

padd b1975 wrote: »

Haulage industry is booming.

We have trucks parked up gathering dust for the want of drivers with international experience.

It would appear a nett wage packet of close to €900 per week if you stay out for a few weeks is not appealing to some.....hard to believe that.

900 a week ain't great for long haul tbh. Maybe you should up your rate?

namloc1980 · 30-07-2015 06:47PM

BoJack Horseman wrote: »

The government is not the economy!

10 out of 10 for observation, well done.

Herb Powell · 30-07-2015 06:49PM

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

Yup.

I'm far too young to have had anything to do with the last recession, and yeah, more people are getting work, it seems, anecdotally at least. But the housing situation is diabolical, and needs sorting fast, otherwise we're fuccked again.

Proper development is needed. Badly.

Tony EH · 30-07-2015 06:51PM

Anybody calling our current situation a "boom" needs their head examined.

Amirani · 30-07-2015 06:54PM

Tony EH wrote: »

Anybody calling our current situation a "boom" needs their head examined.

What's your definition?

Tony EH · 30-07-2015 06:59PM

Ireland circa 2001 would be a good benchmark.

padd b1975 · 30-07-2015 06:59PM

Streetwalker wrote: »

900 a week ain't great for long haul tbh. Maybe you should up your rate?

Yeah, there's always a better paid job out there, but the combination of easy routes,new and well maintained trucks and most importantly of all-office staff who treat drivers with respect is what appeals to me most.

The best thing about a booming industry is that you can pick and choose what sector appeals the most.

Saipanne · 30-07-2015 07:09PM

Tony EH wrote: »

Anybody calling our current situation a "boom" needs their head examined.

I'd call it an upturn. If unemployment fell to 4% again, I'd pull the b word out.

darkpagandeath · 30-07-2015 07:12PM

Sure we have white gold we will be fine.

Kermit.de.frog · 30-07-2015 07:14PM

Saipanne wrote: »

I'd call it an upturn. If unemployment fell to 4% again, I'd pull the b word out.

But a boom is the process of getting to that.

mg1982 · 30-07-2015 07:17PM

The world economy is still in precarious shape. I wouldnt like to be predicting how things will go over the next 5 years.

Galwayguy35 · 30-07-2015 07:25PM

Well it's better than it was 4 years ago anyway.

But you'll always have whingy fooks giving out about something, mostly the kind who vote for Murphy and Coppinger who want everything for nothing.

Tony EH · 30-07-2015 08:27PM

Saipanne wrote: »

I'd call it an upturn. If unemployment fell to 4% again, I'd pull the b word out.

It's a slight uptick as the OP mentioned. But nothing more. Better than were we were six months ago, but it's no "recovery" and it's no "boom". That's still way off.

Uriel. · 30-07-2015 08:31PM

Galwayguy35 wrote: »

Well it's better than it was 4 years ago anyway.

But you'll always have whingy fooks giving out about something, mostly the kind who vote for Murphy and Coppinger who want everything for nothing.

Plenty of them around these parts

Fox_In_Socks · 30-07-2015 08:33PM

"...train tracks are ching ching bitta cash, you what I mean?"

...not sure about heading out tonight, I've only 200 on me...

...if you don't get on the property ladder, where'll you end up? Carlow is only a 50 minute commute from Dublin city centre, you know...

...heading to New York there for proper jeans, jeez, it's ages since I've been. When? Oh, three months ago, I'd say...

...what, you're driving to races? Sure, there's a spare seat in the chopper, hop in! We can make _________and the lads in the tent before 5.30...

...I don't kno what a tracker mortgage is...

Let it begin!

SCOOP 64 · 30-07-2015 08:45PM

padd b1975 wrote: »

Yeah, there's always a better paid job out there, but the combination of easy routes,new and well maintained trucks and most importantly of all-office staff who treat drivers with respect is what appeals to me most.

The best thing about a booming industry is that you can pick and choose what sector appeals the most.

I think HGV driving as become a lot less attractive ,cost of getting the licence and the CPC every year now.

Roanmore · 30-07-2015 09:25PM

Galwayguy35 wrote: »

Well it's better than it was 4 years ago anyway.

But you'll always have whingy fooks giving out about something, mostly the kind who vote for Murphy and Coppinger who want everything for nothing.

Take a look at the comments on Breakingnews.ie, brings it to a new level.
It's like everbody is trying to outdo each other with outrage and "witty" comments.

KomradeBishop · 30-07-2015 09:26PM

Duiske wrote: »

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.

That's the 'confidence fairy' myth - i.e. "don't say anything bad about the economy or you'll ruin it". Remember Ahern telling naysayers to commit suicide, not long before the crisis hit?

The 'confidence' myth is used to 1: Marginalize and shut-down naysayers pointing out unsustainable economic conditions, and 2: To justify lying to the entire population when everything is falling apart, in order to hold up 'confidence'.

WoollyRedHat · 30-07-2015 09:31PM

Mr_Muffin wrote: »

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

Ridicolous, where's the plans for a boat?

KomradeBishop · 30-07-2015 09:36PM

Our GNP - a more accurate indicator of our local economic conditions - was falling at the first quarter this year; what was the latest GNP figure for the second quarter?

Zonda999 · 30-07-2015 09:45PM

Galwayguy35 wrote: »

Well it's better than it was 4 years ago anyway.

But you'll always have whingy fooks giving out about something, mostly the kind who vote for Murphy and Coppinger who want everything for nothing.

Amen to that. These people would have you believe that statistics like this are government propaganda. Murphy and Coppinger wouldn't tell them anything otherwise, ignorance and disillusionment are to their benefit

http://blogs.wsj.com/economics/2015/07/30/is-irelands-economy-really-growing-almost-as-quickly-as-chinas/

On the actual subject matter, the above piece sums it up quite well, we are undoubtedly growing quite quickly. 6.5% year on year probably suggests that far bigger changes should be be seen on the ground than is actually taking place, but of course that figure is skewed by the unique make up of our economy. Then again, you have to realise we have a lot going for us at the minute, a weak currency, our main trading partners, (the UK & the US) doing quite well.

This government hasn;t got everything right by any means, but Irelands stable political landscape in the past few years has definitely helped our recovery. This strong growth was always coming according to Noonan, probably not as quickly as he hoped but he did predict this back a few years ago.

KomradeBishop wrote: »

Our GNP - a more accurate indicator of our local economic conditions - was falling at the first quarter this year; what was the latest GNP figure for the second quarter?

We won't know for another three months unfortunately. You are correct, but the general trend has been going up of late

Ireland booming again - do you see it?

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