Thursday, 18 August 2011

Irish Economy - Our recovery plan can work - we must stick to it

Our recovery plan can work - we must stick to it

DESPITE RECENT market turmoil we are not at present heading towards a global double-dip recession. While growth is clearly slowing in the main developed economies, world trade will continue to expand. Irish exporters still have the capacity to thrive and grow market share even in this more challenging global context. The Irish economy remains on track to grow this year and next. The value of what we produce in Ireland will increase by about 3 per cent this year and over 4 per cent in 2012, and this augurs well for the plan to fix the public finances.

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