The latest from Morgan Kelly is available here.
Morgan Kelly Looks Ahead
- Post author By Philip Lane
- Post date November 8, 2010
- Categories In Banking Crisis
- Tags Morgan Kelly
- 244 Comments on Morgan Kelly Looks Ahead
Author: Philip Lane
The IMF’s annual research conference is on at the moment. Quite a few of the papers are helpful in understanding the Irish situation: the papers can be downloaded here.
Details here.
The CSO has released institutional sectoral accounts for 2009 – the release is here. These detailed data provide a lot of useful information about the shifts in income and savings in recent years. Among the highlights:
- Household net saving ratio jumped from 3.9% in 2008 to 12.3% in 2009. Behind this ratio: net disposable income fell by €2.1 billion but consumption fell by €10 billion.
- The Net Operating Surplus (profitability) of Financial Corporations and Non-Financial Corporations fell by over 22% and 6% respectively, between 2008 and 2009. Investment by Non-Financial corporations fell from €13bn to €7bn over the same period. Investment by Financial Corporations also declined – from €0.9bn in 2008 to €0.6bn in 2009
His speech is here.