Debt, unemployment and exports - Part 2 of "Irish recession - is the worst over?"

Continuation of socialist analysis of Irish recession

In Part two of a three part article on the Irish economy, Paul Murphy looks at some of the factors depressing the domestic economy, focusing on debt and unemployment, as well as analysing whether the government's export focused strategy can be successful.

Part one of the article “Irish recession – Is the worst over? on the prospects for the Irish economy outlined the difficult international environment and the key strategy of the Irish capitalist establishment, "internal devaluation". (http://www.socialistparty.net/index.php/news/economy/34...-over). In Part two, Paul Murphy looks at some of the factors depressing the domestic economy, focusing on debt and unemployment, as well as analysing whether the government's export focused strategy can be successful.