Ireland a ‘growth pocket’ in stagnant eurozone

The Irish economy will be a “pocket of growth” in an otherwise sclerotic eurozone helped by a weak euro and strong recovery among its main trading partners, according to a leading economist.

Richard Lacaille, global chief investment officer at State Street Global Advisors, says Irish exports are set to grow as the effects of the ECB’s quantitative easing programme cause the euro to weaken.

Technology, tourism, and agriculture products will benefit most as they have rising trade ties with the US and UK markets.