Writing in the midst of our summer heatwave, I can’t help but see the parallels with Ireland’s recent economic trajectory. After a seemingly endless winter, we are finally getting to enjoy some sunny spells. Likewise, our economy has been through the wringer over the past decade, but growth and unemployment numbers suggest mercury rising.
As with the weather, there’s always someone complaining: if it’s not too cold, it’s too hot. The conservative class of economic pundits have been sounding the siren of an overheating economy, as if we were back in the Celtic Tiger’s obnoxious heyday.
Is overheating a thing? Continue reading