Upbeat mood on third quarter economic outlook
Nonetheless, some 89% of investors are confident about the country’s economic prospects in the third quarter — down from 91%.
A slightly larger decline in the number of people expressing confidence in the global economy was recorded with 76% of this mind, a drop of 3%.
Investor confidence in the Irish property market has fallen sharply, down 10% from 67% to 57%.
An increasing number of investors are optimistic about their personal finances, however, up 3% to 84%.
“The stream of good news about the Irish economy continues to sustain overall sentiment, which has impacted positively on investors’ confidence around their personal financial situation.
However, not surprisingly, recent events in Greece and China have impacted investors’ economic outlook,” said RaboDirect head of investments, Killian Nolan.
“With the likelihood that the current low growth and low inflation trend will persist in the medium term, the challenge for investors is around achieving a return on their available funds.
The growing influence of technology in our daily lives and in replacing jobs through software and robots means some of the best returns available today are in technology investment. Other investments performing well include healthcare and European property markets.”
