Michael Taft: The recent Central Bank quarterly report confirms (as if we needed
confirmation) that the economy remains in slow bleed mode. That they have revised downwards key domestic indicators is in keeping with other forecasters. We have an economy that is spinning its wheels in a deflationary trough, with no sign of relief in the short-term.
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Michael Taft is an economic analyst and trade unionist. He is author of the Notes of the Front blog and a member of the TASC Economists’ Network.