IBEC review: Economy needs necessary rebalancing

IBEC’s latest Quarterly Review released today revealed that the economy to date had performed well with first half figures for GDP recorded growth of 6.7% and a solid growth in manufacturing and exports.

IBEC Chief Economist David Croughan said: “Manufacturing output in the first eight months of the year is up 7.7% on the same period of 2006 – the fastest pace since 2002. Employment, too, has grown by a healthy annual 3.9% in the first half of the year," he said.