Ireland likely to benefit from falling value of euro

IRELAND is set to be one of the biggest beneficiaries of the falling value of the euro, according to Goodbody Stockbrokers’ team of economists.

While they point out the reasons for the recent weakness in the euro are troubling, economists Dermot O’Leary and Deirdre Ryan believe the region is set to benefit in terms of improved competitiveness versus those countries outside the eurozone.

“The Irish economy will be one of the largest beneficiaries of the fall in the value of the euro, thus aiding in the goal of achieving an export-led recovery,” Mr O’Leary said.