‘The government has laid the foundations for this economic recovery. But there is more to be done. The government will continue to work so that the benefits of economic recovery are widely distributed and that the unemployment rate is reduced further.’
Mr Noonan also heralded the improvements in the economy across the board with consumer spending now building, reflecting more confidence… Consumer spending is up 3.6% on the same time last year, while building and construction has increased 3.5%...
3. What is a key indicator of economic growth noted by Michael Noonan?
The economic report comes on the back of a huge swell in the corporation tax take and the fall in unemployment to levels not seen since late 2008 and down from a peak of 15%.
4. Outline the impact of an increase in corporation tax revenue on the Irish economy.
