The past number of years have seen a stronger than expected recovery by the Irish economy. This has been led by robust export growth, but there has also been a strong rebound in domestic demand, including business investment, construction and consumer spending.
With another year of significant export growth looking likely — against the odds, it must be said — our emboldened food industry has taken on a very ambitious target: namely, expanding on our 1% foodhold in the $51 billion (€44bn) Japanese food and drink import market, and on our bridgehead of about 5% in the $22 billion (€19bn) South Korea market.
The global economy has started to gain traction, at last. Global economic growth has been unbalanced since the financial crisis, but for the first time in several years all regions of the world economy should experience a synchronised upturn in 2017, according to the World Trade Organisation (WTO) in its latest release.
Vietnam is expected to be the fastest-growing destination for Irish exporters in the next decade — closely followed by China, India and Malaysia — as companies continue to look east to boost trade levels, a new survey has found.
A 52-page report by the CSO has for the first time detailed the depth of the economic and social links binding the economies of Ireland and Britain — ties which could be under threat if the UK pursues its hard Brexit line in its looming divorce talks with Brussels.