In the midst of all the negative news on the cost of the bailout of Anglo and the pending austerity measures in the December 2010 budget it was a welcome relief to hear some good news. The Ernst & Young quarterly euro zone forecast said Ireland will rank second next year in terms of GDP growth within the 16 countries, up from 14th in 2010. The economy will return to growth next year and relatively strong rates of growth in the medium term, it said. The full article can be seen here.
As Ireland is a small open economy any pickup in the International Economic environment will have a positive impact here. The benefit of the lower Euro should also help our export sector. Let’s hope for more surprises on the positive side.
Tags: Good News