DAVY VIEW

The Department of Finance’s new long-term analysis provides a useful insight about the Irish economy over the coming 40 years. Most exercises, assuming no policy changes, are liable to imply large fiscal challenges lie ahead, but some aspects still appear conservative. The green transition is deemed a fiscal challenge, but related technological progress could mitigate this or even prove a major opportunity for future economic growth. The Department’s estimate of pent-up housing demand also looks low.