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2012 Sep 28 - Seamus Coffey - Economic Update
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2012 Sep 28 - Seamus Coffey - Economic Update

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2012 Sep 28 - Seamus Coffey - Economic Update 2012 Sep 28 - Seamus Coffey - Economic Update Presentation Transcript

  • ABM BREAKFAST BRIEFING:NAVIGATING THROUGH CHALLENGING TIMESSeamus Coffey, September 28th 2012
  • Gross Domestic ProductSeasonally adjusted quarterly GDP at constant (2010) market prices Gross Domestic Product 45,000 42,500 40,000 37,500 35,000 economic-incentives.blogspot.com 2005 2006 2007 2008 2009 2010 2011 2012Source: CSO, Quarterly National Accounts
  • The Public Finances Is the government debt sustainable? Is the deficit falling? What do we spend our money on?
  • Eurozone Can Super Mario (Draghi) save the world? What impact does the EZ crisis have on Ireland?
  • House Prices How far have they fallen? Are they still falling?
  • The Bank that broke Ireland
  • Social Welfare How do social welfare rates compare to 2007? What rates have been reduced/increased? How do prices compare to 2007?
  • Inflation 2007 to 2011
  • Public Sector Pay How much can we spend on public sector pay? Is the pay bill falling? How much do public sector workers earn?
  • Pay Range Numbers Percent Cumulative€0-€20,000 19,442 6.5% 6.5%€20,001-€30,000 26,749 8.9% 15.4%€30,001-€40,000 66,504 22.2% 37.6%€40,001-€50,000 68,935 23.0% 60.5%€50,001-€60,000 44,019 14.7% 75.2%€60,001-€70,000 30,315 10.1% 85.3%€70,001-€80,000 22,285 7.4% 92.7%€80,001-€90,000 10,814 3.6% 96.4%€90,001-€100,000 4,146 1.4% 97.7%€100,001-€125,000 3,043 1.0% 98.8%€125,001-€150,000 1,212 0.4% 99.2%Over €150,000 2,536 0.8% 100.0%Total 300,000 100.0%
  • Where are we going? Debt and Deficits. Taxes and Spending. Growth and Employment. Hope and Expectation.