Exports to gain from global recovery

THE economy will deliver annual growth in 2010 of 1%, according to the latest economic report from Bank of Ireland.

The global recovery should boost Irish exports, but domestic demand is likely to remain weak.

The global recession is over and Ireland’s main trading partners appear to have returned to growth in the third quarter, amid more upbeat forecasts for the world economy in the coming year, said economist Dan McLaughlin, the report’s author.