Davy forecasts stronger economic growth

STRONGER economic growth underpinned by low interest rates and higher consumer spending is forecast by Davy stockbrokers.

On the other hand the stockbrokers described last year as one of the worst endured by the economy on several fronts.

Davy Stockbrokers note consumer demand grew at its slowest rate since 1991; investment fell sharply; while for the first time since 1962 the overall volume of exports declined as the global economic slowdown hit exports hard.