Ibec: Weak euro will deliver 1% growth

Ireland stands to benefit more than any other eurozone member from the weakness of the single currency, according to employers’ representative Ibec.

In its latest quarterly economic outlook, Ibec said a weak euro would ensure that Ireland’s exporters would drive a second successive increase in annual GDP in 2012.

The body has reiterated its forecast for growth of 1% in the economy this year.