Irish Growth Set To Remain Strong
According to Davy Stockbrokers, growth in Ireland is set to buck the international
slowdown, remaining strong this year and in 2005. In analysis released last Thursday, Davy predicted economic expansion of 4.6%
of GNP this year, and 4.2% next year, despite an international trend to the
contrary. According to an Irish Independent report, Davy economist Robbie Kelleher explained
that strong tax receipts and continued credit growth point to a sustained recovery
in activity. He went on to add that the recovery had been led by domestic sectors such as
private services and construction, but revealed that industry had disappointed
so far this year, with output declining over the first two quarters. .
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