Minister for Finance Paschal Donohoe with John McCarthy, chief economist at the Department of Finance, on Tuesday. Photograph: Bryan O’Brien

Ireland, right now, is in a demographic sweet spot, the Department of Finance’s chief economist John McCarthy said on Tuesday.

He was referring to the current ratio of workers to retirees, which is a healthy four to one.

This is way out of kilter with most of our European peers and most advanced economies, McCarthy not

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