Losers from the Recession

Ireland“As mentioned before on this blog and by Gerard in his talk on Psychology and Recovery, a bulk of the Irish population has yet to be fully affected by this recession, in the sense that their financial position is substantially worse up to the point where they risk not being able to remain solvent. However, there are clearly a number of groups that are particularly feeling this one. Below is intended to be as obvious as it sounds. Upcoming graduates: There is currently an embargo on public sector recruitment and very little signs that private sector employers are going to be doing anything other than trying to maintain staff for the next couple of years. Upcoming graduates are losing big time and have not been helped by any recent budgetary measures …” (more)

[Liam Delaney, Geary Behavioural Economics Blog, 11 April]

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