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IBEC predicts brighter 2010 for economy

Business group IBEC is revising upwards its economic forecast, but is warning that the outlook for 2011 continues to be shrouded by "uncertainty".

Business group IBEC is revising upwards its economic forecast, but is warning that the outlook for 2011 continues to be shrouded by "uncertainty".

In its latest quarterly report, it said improving international demand and the significant weakening of the euro has provided a much more positive environment for Ireland's export sector.

IBEC Chief Economist David Croughan said consumer demand has also improved since the start of the year and is now helping to lift the economy out of recession.

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