Advertisement

David McWilliams: We have been characterised and traumatised by the last economic cycle

David McWilliams gives his assessment of our economic forecast - and it's better than you think!

Share this article

18.07 5 Apr 2019


David McWilliams: We have been characterised and traumatised by the last economic cycle


Listen to this episode


Share this article

18.07 5 Apr 2019


"We have been characterised and traumatised by the last economic cycle - a massive boom and a massive slump"

So says economist David McWilliams, who spoke to Ivan today about the Central Bank's Quarterly Assessment.

However, he says that we should be "reasonably confident" because what makes an economy deeply fragile is debt, both on the way up and on the way down.

Out debt levels in the last 10 years shows very little new debt, despite the legacy debt.

"We haven't been betting the house again on houses. We haven't been borrowing for current expenditure on holidays... so that fragility that was so clear to me 10 years ago isn't there"

This is a more cyclical smooth upswing-downswing trend.

Listen back for more expert insight from David.


Read more about

Central Bank David McWilliams Economy Quarterly Assessment Recession

Related Episodes

Liverpool Slept in Theatre of...

00:28:32

Liverpool Slept in Theatre of Dreams | OTB Breakfast Soccer | Daniel Harris

OTB Football

00:28:32


OFF THE BALL BREAKFAST: Perfor...

02:11:08

OFF THE BALL BREAKFAST: Performance Rankings, James Tracy, Daniel Harris & Tommy Rooney

OTB Breakfast

02:11:08


Kildare go down, have Dublin a...

00:23:26

Kildare go down, have Dublin already put one hand on Sam? | Tommy Rooney | OTB Breakfast Football

OTB GAA

00:23:26


The COYGIG Pod Ep.112 | Arsena...

00:41:10

The COYGIG Pod Ep.112 | Arsenal outdone, City vs. Chels head-to-head & Karen's WLOI update!

OTB Football

00:41:10