Business As Usual Economy Summary
This graph shows the indexed manufacturing output of the Irish economy, as a guide to the overall state of the economy's health. Economic Growth continues until energy prices in Ireland make us uncompetitive in relation to other European counties, who have invested significantly more in alternative energy supply. The Ecco model suggests this happening in 2030. Clearly manufacturing output in the Business as Usual scenario takes a nose dive soon after the 2030 oil peak when the cost of imported fossil fuels rise sharply.
