Export resurgence a standout success, says economist

FIGURES from the IDA show Ireland continued to attract high-quality investments in 2007, creating 9,200 jobs last year, says Ronnie O’Toole, chief economist at National Irish Bank.

In recent years it has also been encouraging that a steady pattern of restructuring of the foreign multinational presence in Ireland towards higher-value sectors such as financial services, pharmaceuticals and biopharmaceuticals has been taking place, he says.

That continued into 2007 and augurs well, he said.