Categories: Business
| On 6 years ago

Noel Coonan TD Welcomes ESRI Report

By Press Release

Tipperary TD Noel Coonan has welcomed the latest economic commentary from the Economic and Social Research Institute (ESRI) published on Thursday which portrayed a positive and upbeat economic forecast for Ireland.

Deputy Coonan said this follows Central Statistic Office figures showing Tipperary’s dole queue has fallen by more than 1,400 over the last year.

“The ESRI predict Gross National Product (GNP) growth of 3.4% this year and 3.8% in 2015. There will be further declines in unemployment through 2014, with the headline rate predicted to fall to 9.8% in 2015. This forecast represents a continued strong recovery for our economy,” said Deputy Coonan.

“Meanwhile, CSO figures show an annual increase in employment of 2.3% or 42,700 in the year to the first quarter of 2014, bringing total employment to 1,888,200. This compares with an annual increase in employment of 3.3% in the previous quarter and an increase of 1.1% in the year to Q1 2013.

“When the previous administration, propped up by a trio of Independent TDs, left Government in March 2011 our unemployment figure in North Tipperary was 7,466. This figure had dropped to 7,119 by the end of last month July. The number of people on the live register in South Tipperary dropped by 566 in the same period,” continued the Tipperary Fine Gael Deputy.

“This shows our economic plan for recovery is working. It has been, and will continue to be, a steady progress on the path to full recovery.

“Over the last three years, with Fine Gael in Government and with the support and resilience of the Irish people, Ireland is heading in the right direction. We have exited the bailout and our reputation internationally has been restored,” concluded Deputy Coonan.

Press Release