Ireland’s G/GDP % Is Projected To Be 23% In 2022: Economics Assignment, MU, Ireland

Asignment Questions

Answer Question A and Question B 

(a) Ireland’s G/GDP % is projected to be 23% in 2022 (OECD, 2022). This compares to a Furo-area average of 51% and an OECD average of 44%. Does this mean that Irish public spending is too low in your opinion?

(b) Ireland’s debt is projected to be (234 billion (or 50% GDP) by the end of 2022. Explain any two possible economic consequences of this borrowing for the Irish economy.