Strong growth figures show the need to secure the recovery – Daly

Fine Gael TD for Cork South West Jim Daly has said today (Wednesday) the latest Central Bank growth projections reflect the economic recovery and the priority now is to secure the recovery.

“The Central Bank has revised its growth projections up to 4.1% this year, a revision of 0.3%. It projects the economy to grow by 4.2% next year. This shows that a sustainable recovery is taking hold across the country. According to the Central Bank the recovery is becoming more balanced with consumer spending gradually increasing and exports remaining strong.

“What is clear from these figures is that the growth in employment, combined with a gradual reduction in the tax burden is contributing to a virtuous circle which is generating an sustainable economic recovery based on job creation. Over 100,000 new jobs have been added to the economy since the launch of the Action Plan for Jobs in 2012. We will replace the 300,000 jobs lost during Fianna Fáil’s crash by 2018.

“The task now is to secure the recovery and protect the economic progress we are making. Unemployment is the main source of inequality and unfairness in our society today. More jobs mean less tax for people working and more revenue to provide better services.

“Our policies in Government are in stark contrast to Fianna Fáil’s total lack of any jobs plan and their priority of maintaining a high-tax burden to fund their wild spending plans. The greatest risk to recovery, job creation and a brighter future is the political risk from the populist and fantasy economics of Fianna Fáil.”