The Irish government should take radical measures...

The Irish government should take radical measures to reform its economy and reverse a trend toward lower growth and higher unemployment, the Organization for Economic Cooperation and Development said in a sharply critical report. The 24-nation economic think tank called for urgent action to slash the Irish budget deficit by cutting government subsidies and social spending, and said the government should put strict limits on public sector pay. OECD said Ireland’s GNP would grow by 2% this year, helped by an improvement in the trade balance, but that the economy would be static in 1988.