Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
IRELAND’S EXPORTS are expected to continue to grow next year, but National Irish Bank has revised its forecast for that growth down by 1 per cent in light of weaker trading conditions across Europe.
The NIB FDI Quarterly Report for Winter 2011 says that as European markets represent some 60 per cent of Ireland’s exports, difficulties within the eurozone are likely to take a toll on the country’s export growth potential in 2012.
The bank said it is revising its forecast for Ireland’s export growth down from 5.5 per cent to 4.5 per cent through next year.
The report’s author NIB economist Dr Ronnie O’Toole said that although 2012 is expected to be a more difficult year for exports, Ireland’s export sector and its improve competitiveness should “still allow for a reasonable level of export growth next year”.
The Danske Bank-owned organisation also says that as Europe becomes increasingly weaker, it seems “more and more evident that the eurozone cannot escape recession”.
Meanwhile, it says that the US and China are expected to show improved growth into 2012.
To embed this post, copy the code below on your site
Like a doctor saying you have 3 weeks to live instead of 2.
When a politician tells you one thing, you can be sure the opposite is true. Baldy, look me in the eye and say it ain’t so.
I wonder can he read is it really possible to be that stupid!! Jazus shame on limerick for electing that traitor
Whats next Mini farming budget ….give me a break! Get out now ppl if you have a chance to do so!
http://www.bbc.co.uk/news/business-15748696
Have a look at this Mr Noonan ….
Each German owes €50,659,
Each French person owes €66,508
each person in Ireland owes €390,969.
Impossible We owe this thanks to the banks YET
http://www.newstalk.ie/2011/news/rich-list-irelands-wealthiest-named/
There is of course money in this country But Why is there so much
Austerity for the less well off ordinary workers ?
Eileen,
What is also interesting about the Foreign Debt graphs (that you gave the link to) is what it doesn’t show. The circle shows a number of countries that we own debt to including the 100 billion we OK (which of course is sort of balanced by the 100 billion or so that they owe us) but it only shows us owing 250 billion or so to the countries shown (even thought he caption underneath says that bank debt is included in those arrows and that financial services debt is substantial in Ireland’s case). So, which country’s people and banks are loaning us all this foreign credit if it is not the US, France or Germany?
Oh, and also is the money that we owe in the countries that are not shown on the graph balanced by monies that they owe us (like in the case of the UK) or do we just owe all the money to China?
That should be ’100 billion that we owe the UK’ not ’100 billion we OK’ :)
Trying to sweeten us up!
shut up noonan
Yeah but not as good as you’ve been saying either there noonie.
I don’t know ! But If YOU know or show me
another more detailed graph , I would
appreciate it .
Thanks Robert lynch.
Find it difficult to believe anything this man tells us. He told us that the bondholders took a hit in the region of 50% on the Anglo deal on Quinn Group. THEY TOOK NOT HIT OR WRITE DOWN WHATSOEVER..
Either he was played for a fool or he was playing the people of Ireland for fools.
See http://quinn-anglo-story.blogspot.com/
Michael Noon is Talking to his A,,
have your say