Earlier in the week The Economic and Social Research Institute (ESRI) downgraded substantially its outlook for growth in Gross Domestic Product terms for the Irish economy, but it said the underlying position of the economy is still very strong.

This seems to continue an economic narrative we’ve been observing here for a while where we seem to be told that things are both good and bad at the same time.

To make sense of this all, Bobby is joined by Cliff Taylor of the Irish Times.