Menu
16/04/2008
OECD says Irish competitiveness must improve
The OECD has warned that the Irish economy must stay competitive in the immediate future.
The report named the 'Economic survey of Ireland 2008' said it is important that Ireland remains internationally competitive as it faces new challenges.
In its latest report, the organisation says better infrastructure and further product and labour market reforms would keep growth strong over the medium term. But the publication warned that: "In the short run, the economy must adjust to lower housing activity and the risks the slowdown creates."
The Organisation for Economic Co-operation and Development also pointed out the downturn in construction in Ireland needed be delt with and recommended a softly softly approach.
The report said: "Softening economic growth and the slowdown in the housing market mark a turning point for fiscal policy.
"Phasing out policies that distort the housing market could help to dampen future housing cycles and maintain the competitiveness of the economy."
It also warns that long-run challenges remain for the housing market, fiscal policy, pensions and the integration of migrants.
Tanaiste Brian Cowen has welcomed the assessment of the Irish economy, describing it as generally positive.
(DW/JM)
The report named the 'Economic survey of Ireland 2008' said it is important that Ireland remains internationally competitive as it faces new challenges.
In its latest report, the organisation says better infrastructure and further product and labour market reforms would keep growth strong over the medium term. But the publication warned that: "In the short run, the economy must adjust to lower housing activity and the risks the slowdown creates."
The Organisation for Economic Co-operation and Development also pointed out the downturn in construction in Ireland needed be delt with and recommended a softly softly approach.
The report said: "Softening economic growth and the slowdown in the housing market mark a turning point for fiscal policy.
"Phasing out policies that distort the housing market could help to dampen future housing cycles and maintain the competitiveness of the economy."
It also warns that long-run challenges remain for the housing market, fiscal policy, pensions and the integration of migrants.
Tanaiste Brian Cowen has welcomed the assessment of the Irish economy, describing it as generally positive.
(DW/JM)
Related Irish News Stories
Click here for the latest headlines.
07 August 2014
Govt Accused Of Ignoring Scale Of Housing Crisis
The government has been accused of maintaining policy that ensures a "huge" housing shortage, Sinn Féin leader Gerry Adams has said. Mr Adams also accused the government of failing to "face up" to the scale of the housing crisis, particularly in the Greater Dublin area.
Govt Accused Of Ignoring Scale Of Housing Crisis
The government has been accused of maintaining policy that ensures a "huge" housing shortage, Sinn Féin leader Gerry Adams has said. Mr Adams also accused the government of failing to "face up" to the scale of the housing crisis, particularly in the Greater Dublin area.
14 June 2016
Minister Varadkar And LRC To Seek 'More Ambitious Reduction In Unemployment'
The Minister for Social Protection, Leo Varadkar, has agreed to work in conjunction with the Labour Market Council to seek a more ambitious reduction in unemployment.
Minister Varadkar And LRC To Seek 'More Ambitious Reduction In Unemployment'
The Minister for Social Protection, Leo Varadkar, has agreed to work in conjunction with the Labour Market Council to seek a more ambitious reduction in unemployment.
20 June 2008
Local Authorities Could Buy Up Cheap Housing
As the fall-off in the housing market continues, local councils are being encouraged to take advantage of the discount rate and buy-up 'unwanted' homes. As buyers 'sit on the fence', waiting for the market to bottom-out before buying, the falling value of homes could mean cheap housing resources for local government social housing requirements.
Local Authorities Could Buy Up Cheap Housing
As the fall-off in the housing market continues, local councils are being encouraged to take advantage of the discount rate and buy-up 'unwanted' homes. As buyers 'sit on the fence', waiting for the market to bottom-out before buying, the falling value of homes could mean cheap housing resources for local government social housing requirements.
28 August 2015
Sinn Féin's Opposition To Housing Plans 'Almost Beyond Belief' - Dowds
Sinn Féin's opposition to a proposal to build 50 new social housing units in Clondalkin has been described as an "absolutely disgrace and almost beyond belief". Labour TD Robert Dowds accused Cllr Eoin Ó Broin of "complete political cowardice", and that it was people on the housing waiting list that would suffer as a result.
Sinn Féin's Opposition To Housing Plans 'Almost Beyond Belief' - Dowds
Sinn Féin's opposition to a proposal to build 50 new social housing units in Clondalkin has been described as an "absolutely disgrace and almost beyond belief". Labour TD Robert Dowds accused Cllr Eoin Ó Broin of "complete political cowardice", and that it was people on the housing waiting list that would suffer as a result.
29 November 2013
Unfinished Housing Developments Report Published
Minister for Housing and Planning, Jan O'Sullivan, TD, has published the second annual progress report on tackling the issue of unfinished housing developments which points to "even more progress in bringing to a conclusion this most distressing of circumstances left over from the doomed tiger years.
Unfinished Housing Developments Report Published
Minister for Housing and Planning, Jan O'Sullivan, TD, has published the second annual progress report on tackling the issue of unfinished housing developments which points to "even more progress in bringing to a conclusion this most distressing of circumstances left over from the doomed tiger years.
-
Ireland WeatherToday:A mainly dry although with a fair amount of cloud with only a few sunny intervals. Overnight fog patches lifting this morning. A few showers possible across Fermanagh. Light winds. Maximum temperature 7 °C.Tonight:Chance of one or two showers across the south at first this evening. Otherwise it will be a dry night with a few fog patches. Minimum temperature 4 °C.
