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Political Instability could hit economic recovery

Written by Robert McHugh, on 22nd May 2015. Posted in General

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The Annual Conference of the Institute of Certified Public Accountants in Ireland (CPA Ireland)  took place in Kildare today.

More than 150 delegates attended the conference which addressed the theme “Glass Half Full?”

A range of high profile speakers shared their views on whether we are moving towards a more positive future in terms of Investment, International Business, Sport, Social Media, SME’s and the country’s future. 
 
Economist Jim Power chaired the conference and reflected on the improvement in the country’s finances since 2013 and the external and internal risks that could now negatively impact our economic recovery. He cited political instability as the most pertinent domestic risk factor at this time.
 
"An election must be held by April 2016 at the latest. There is no guarantee that the formation of a stable government will be possible due to the growing proliferation of Independents. Political stability has been a key factor in selling Ireland to investors in recent years and it is now under threat.

This is concerning because political instability can often result in poor policy making, with long-term negative consequences. The Irish electorate needs to be very careful not to undermine the progress that has been made since the economy crashed," he said. 
 
Source: www.businessworld.ie 

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