Oireachtas Joint and Select Committees
Wednesday, 16 July 2025
Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute
3:00 am
Dr. Tom McDonnell:
It is. I would be very happy to summarise it, but that would be challenging to do in 30 seconds. Very briefly, it is to deal with understanding how we can make an economy anti-fragile and build its resilience out. It is based upon four pillars of productivity: more and better jobs; economic security; economic resilience; and designing an economic system that makes us impervious to the types of shock we are talking about now. It is not just this shock, but climate change, digitalisation, artificial intelligence, an ageing population and other types of policy that one would want to develop north and south of the Border. It is a very similar policy set and we have done it for both. It is difficult to summarise in 30 seconds but, essentially, it is a broad suite of approximately 60 or 65 policies that would complement one another. There is everything from an increased emphasis on adult education to reforms to social insurance, positions about a golden rule on infrastructure, etc.
No comments