Clare Economist Expects Government To Press Ahead With Tax Cuts Despite Recession Warnings

A Clare Economist expects the government to press ahead with further tax cuts on budget day despite warnings of an impending recession. The Economic and Social Research Institute is predicting a sharp decline in economic growth in the final months of the year due to rising prices in household goods and a fall in exports. It's advising the government not to cut taxes on budget day beyond what is absolutely necessary to keep wages in line with inflation. However Ennis economist and Assistant Professor of Social Policy at UCD, Micheál Collins believes the emphasis on budget day will be placed on cost of living supports.