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Overly cautious austerity mind set infecting economic policy warns Ibec

Written by Robert McHugh, on 9th Mar 2017. Edited on 10th Mar 2017 Posted in Politics

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Ibec have today warned that political inaction and a lack of long-term planning means Ireland risks missing an opportunity to improve national infrastructure and relieve economic bottlenecks. 

In a keynote address to the annual Ibec Business Leaders Conference at the Convention Centre, Dublin today, Ibec CEO, Danny McCoy will warn that failure to take more decisive steps to relieve pressure on transport, housing, education and health infrastructure risks creating serious long-term economic and social problems. 

The conference is supported by event partners Accenture, Merc Partners and Vodafone.

Speaking today, Mr McCoy said, "A poor transport network, a jaded health infrastructure, an under supply of quality housing, and an education system at capacity will not only hold the country back economically, it will cause social problems for generations to come." 

He added, "The often inaccurate political narrative that has festered in other countries around the pressure that immigration puts on public services is a cautionary tale. If we don’t act now to ensure that capacity constraints on services are addressed through investment, we risk a similar dynamic emerging here." 

Source: www.businessworld.ie

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