Ireland ‘to win’ in global trading

The economy should capitalise on the return of global growth and increased trade with emerging economies, according to HSBC, which predicted the country should record annual trade growth of around 6%.

According to HSBC’s biennial trade forecast, growing momentum from the US, eurozone, and a doubling in export volumes to China should all combine to boost Irish exports.

Alan Duffy of HSBC said: “Irish firms are very well-placed to exploit the brightening outlook for the major Western economies. Geographic proximity to the UK will allow exporters to share in their brisk recovery, and trade links and a common currency will help Irish firms re-establish their positions in eurozone markets after a few years of lacklustre performance.