Re: Re: The Building Boom Is Over!
I still stand by my comment but it was hastily written, I will qualify my remark by saying that in relative econmic and social terms as a nation we are far worse off now than in the 1980s. 2010 is optimistic, econmic recessions dont last 2 years, cycles of 10-12 are the norm.
No they dont – in a normal economy (as ours is now) recessions last 12-18 months tops. When the Irish economy was a basket case there was a case for measuring recessions in decades but the economy is very different to what it was 30 years ago.