Irish exports expected to experience a third year of post-crisis growth in 2012
Dec 13th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish exports are expected to experience a third year of post-crisis growth in 2012, though the rate of expansion will be lower because of weaker conditions in Europe, according to the National Irish Bank FDI Quarterly Report – Winter 2011. European markets represent 60% of Irish exports, although they are expected to only grow 0.3% in 2012, said the report’s author and NIB chief economist Dr. Ronnie O’Toole. “2012 will be a more difficult year in terms of exports. However the improvements in competitiveness over recent years coupled with Ireland’s relatively ‘recession proof’ export mix should still allow for a reasonable level of export growth next year.”