Exports the only ‘bright spot’ in current climate

SUSTAINING expansion of exports and shifting growth towards the indigenous sector and away from the reliance on multi-nationals is the “sole path” to sustainable future economic growth.

That is according to economist Constantin Gurdgiev, who said that as the current economic climate continues to drive down domestic investment and demand, Irish exports remain the only bright spot.

“In this context, recent successes in opening new markets for Irish exporters of goods and services in the BRICs (Brazil, Russia, India and China) is a testament to the Irish exporters’ resilience and innovative capacity, and a positive sign for the future.