Echoing our own Fiscal Advisory Council, The Economist concluded that “Governments are living far beyond their means.”
Ireland does not owe America a living.
A trade deficit is not actually a bad thing in all – or even most – circumstances. Countries with trade deficits are rich.
Concern around Trump’s trade policy
Decline in employment
Politicians have both a political and economic incentive to tell you that everything is fine, until it isn’t. It’s not lying, necessarily – but it might just be unwarranted optimism.
“Toxic” policy
“High-tech bank notes.”
Backlash
Does this mean the end of the ANC?
Global outlook
Most politicians, at this stage, are just hoping that someone else is in power when it does come.