OIL prices recovered rapidly yesterday having fallen by $3 on Thursday following the massive terror alert at Britain’s airports.

Bank of Ireland Global Markets’ Economic Research Units’ latest economic ‘Outlook’, published today, indicates that the Tiger economy is back, with economic growth expected to average 6% for 2004 and 2005 and consumer spending on the increase.

RISING oil prices and the continued strength of the euro will make the next six months a difficult period, the group representing Irish exporters warned yesterday.