Policies to address climate change, for example, may appear costly in a short time horizon, but deliver large net benefits in a longer horizon that makes clear the benefits of avoiding catastrophic increases in global temperatures. The European context In Ireland, much of our macroeconomic framework is embedded into that of the EU and the euro area.
Growing tourist arrivals, rising business process outsourcing receipts, the boom in real estate and construction, a growing trade with partner nations, and the steady stream of remittances from Overseas Filipinos (OF) support current domestic economic expansion. Increasing domestic and foreign investments provide assurance of sustainable growth.