Irish Economy 2009: ESRI says hard to overstate difficult year; Most of the burden of fiscal adjustment on higher earners

Irish Economy 2009: The Economic and Social Research Institute (ESRI) says in its Winter Quarterly Economic Commentary, published today, that it is hard to overstate what a difficult year 2009, has been for the Irish economy. The ESRI says that while Budget 2010 was clearly regressive, the combination of Budgets 2009 and 2010 placed most of the burden of fiscal adjustment on higher earners.

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