Seanad debates
Tuesday, 25 March 2003
Finance Bill 2003 [ Certified Money Bill ] : Second Stage.
There are serious weaknesses within our economy of which we must be aware. We have become dependent on a number of sectors for economic growth, almost all of which are foreign-owned and, specifically, American-owned. These are the chemical, pharmaceutical and IT sectors. That dependence has served us well in the past five or six years, but it would be a matter of concern if the international downturn were to be exacerbated in the future.
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