Oireachtas Joint and Select Committees

Wednesday, 7 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Statement of Strategy 2011-2014: Discussion with Department of Finance

2:25 pm

Mr. John A. Moran:

Unemployment will remain a difficult issue for us for some time unless a very different approach is possible or there are very different changes in the global economy. We have explained, as have others, that in the case of the Irish economy, which is based on export-driven recovery, there will always be a lag between the appearance of growth, particularly in the export numbers, and the jobs that follow. One of the initiatives we have taken, which I did not go into in great detail, is that we have been intensifying the analysis of the economy sector by sector to see what can be done in each to maximise that sector's competitiveness such that it can outperform, in effect, its international peers. That job needs to continue sector by sector to ensure, for example, the agricultural sector and the tourism sector, which we have done, effectively outperform their international peers. In that way we can try to reduce the numbers.

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