Economic recovery 'may not be enough for people to notice'
on 02/01/2013 18:14:31
The warnings come after the Tánaiste predicted Ireland's recession would be over by next year.
Eamon Gilmore said he believed a "post-recession" republic would become apparent by the end of this year.
While a report from Daft.ie indicate a stabilisation in the property market, the company's in-house economist Ronan Lyons said he believed the kind of growth the Tánaiste alluded to is unlikely in the short term.
"Recovery and getting out of recession means 1% or 2% growth per year and that's very difficult for people to notice, and won't be anything like a sense of recovery that I think was implied in the Tánaiste's remarks," he said.
"What I took from (his remarks) was that people would notice that the recovery was underway. I don't think that's going to be the case. It's going to be a slow and steady recovery, be it (in) car sales, unemployment or the housing market."