The ESRI came out today and said that Ireland is in the grips of a recession. What does it mean to be in the grips of recession ? According to wikipedia article, its the decline of GDP and economic growth. In a world gone made on buying ever cheaper and cheaper goods, this must good thing for the environment. People buy less SUV(Gas Guzzlers) less Goods shipped from china, which mean china consumes less energy. With the higher cost of living especial in Food / transport. People are going to be conservative on what they buy, as Disposable income gets spent on just staying afloat! This is where in Ireland we are not prepared, We have massive personal debts, public transport in Ireland is in chaos. (see previous post). The Government relying on the construction industry to balance the books. It is crunch time for the Government because instead of planning for the future, politicians here plan for the next election term.

The Government will have to invest more in renewable technology that will get manufactured here, Invest in research and development for sustainable living. I think that in the coming few year we are going to be at a disadvantage in comparison to the rest of Europe. we have no manufacturing base, most of it is gone. In hind sight government and government policy has took ireland down a path that is not sustainable in the long term. What does this mean for the average person ? What does this mean for Ireland ?