Irish recovery? Pär Magnusson +46 8 506 19879.

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Presentation transcript:

Irish recovery? Pär Magnusson

CLIENT LOGO 2 Irish economy not really recovering

CLIENT LOGO 3 Labour market still depressed

CLIENT LOGO 4 Is Ireland competitive?

CLIENT LOGO 5 How do you deflate and deleverage your economy at the same time? Well...you don’t

CLIENT LOGO 6 Two tales of deleveraging: US vs. Japan Japanese experience: Still no deleveraging US experience: Almost there The difference: Inflation vs Deflation

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