Thursday, April 17, 2008

Irish Economy: Economic Legacies - Bruton / Quinn vs. Cowen/Ahern (Rainbow Government's record superior to that of FF)


STATE OF ECONOMY HANDED OVER Bruton-Quinn ’94-‘97 Cowen-Ahern ’04-‘08
GDP Growth (real) 10.1 5.0%
Inflation 1.5% 5.0%
Exchequer Balance (€m) -298 (½%) -6,000 minimum (3.6%)
TRENDS DURING PERIOD OF OFFICE
Change in Exchequer Balance as a % of GNP +1.5% -3.6%
Change in Cost of Running Government (as % of GNP) -4.9%+3.5%
Change in unemployment (as a % of labour force) -4.5%+1.2%
Export Performance +25% -6.5%

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