While the plan is of necessity evidence-based, it is set against events as yet unknown, and inevitably, also rooted in certain assumptions and predictions which may not turn out to be entirely accurate. When we look back to 1998, who could have predicted a boom of the nature of the Celtic Tiger and a bust as ruinous as the subsequent lost decade?
One outcome seems likely by 2040, however: the history of economic cycles dictate that there will be another downturn, indeed a recession within that period, perhaps sooner rather than later if the worst outcomes of Brexit are realised.
Read the full article @ The Irish Independent
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