Bank singles out agri-food sector as area destined for future growth

Agri-food was the standout sector singled out for likely growth in projections issued yesterday by Ulster Bank.

While the bank revised its overall 2013 Irish growth projections downwards in light of weakening international markets, the report noted that healthy foreign direct investment flows and buoyancy in the agri sector were among the more positive signs sustaining hope for economic recovery.

The bank also noted that there are some signs of a strengthening domestic economy. Irish exports are still positive overall, but not as strong as had been anticipated by the bank.