Menu
21/01/2013
Employer's Group Forecast Economic Growth Of 1.8%
Ireland’s economy grew by 1.2% in 2012 and it is predicts it could grow by 1.8% in the coming year, according to employer’s group IBEC.
Last years growth made Ireland the second fastest growing economy in the eurozone.
The IBEC believes a slight increase in domestic demand will help the economy to grow at a slightly stronger rate this year.
The forecast is higher than the governments own prediction.
IBEC also point to a survey of employers, in which 39% say they expect to increase pay by an average of 2%.
However, six out of ten employers say they will freeze pay at 2012 levels in a bid to regain competitiveness.
It also forecasts no increase in consumer spending.
(H)
Last years growth made Ireland the second fastest growing economy in the eurozone.
The IBEC believes a slight increase in domestic demand will help the economy to grow at a slightly stronger rate this year.
The forecast is higher than the governments own prediction.
IBEC also point to a survey of employers, in which 39% say they expect to increase pay by an average of 2%.
However, six out of ten employers say they will freeze pay at 2012 levels in a bid to regain competitiveness.
It also forecasts no increase in consumer spending.
(H)
Related Irish News Stories
Click here for the latest headlines.
23 September 2015
Govt To Invest €30m In Rural Towns And Villages
The Government is to invest €30m in rural towns and villages between 2016 – 2021, Ministers Alan Kelly and Ann Phelan announced on Tuesday.
Govt To Invest €30m In Rural Towns And Villages
The Government is to invest €30m in rural towns and villages between 2016 – 2021, Ministers Alan Kelly and Ann Phelan announced on Tuesday.
12 January 2010
Benefit Claimants Grew 46% In 2009
The live register figures continue to rise going into 2010, according to the latest Government figures. The statistics released today by the Central Statistics Office said that the seasonally adjusted Live Register total increased from 423,400 in November to 426,700 in December, an increase of 3,300.
Benefit Claimants Grew 46% In 2009
The live register figures continue to rise going into 2010, according to the latest Government figures. The statistics released today by the Central Statistics Office said that the seasonally adjusted Live Register total increased from 423,400 in November to 426,700 in December, an increase of 3,300.
27 February 2012
Kingspan Report Profits Rise
Kingspan, a provider of insulation and building envelope solutions, has reported a 30% increase in revenue to €1.55 billion. The Irish company's annual results for the year showed trading profit grew 33% from €72.0m to €95.7m, an increase of 24% excluding acquisitions.
Kingspan Report Profits Rise
Kingspan, a provider of insulation and building envelope solutions, has reported a 30% increase in revenue to €1.55 billion. The Irish company's annual results for the year showed trading profit grew 33% from €72.0m to €95.7m, an increase of 24% excluding acquisitions.
07 January 2010
Ryanair Denies Third Aer Lingus Bid
Ryanair has waved off speculation it is preparing a third bid for Aer Lingus. In a statement today, updating investors on it's year to date passenger figures, the budget airline said there was no truth or basis to recent Irish media speculation that Ryanair was preparing a third bid for Aer Lingus.
Ryanair Denies Third Aer Lingus Bid
Ryanair has waved off speculation it is preparing a third bid for Aer Lingus. In a statement today, updating investors on it's year to date passenger figures, the budget airline said there was no truth or basis to recent Irish media speculation that Ryanair was preparing a third bid for Aer Lingus.
04 September 2008
Profits Up But Guinness Price Set To Rise
Despite glowing profit margins and cheaper ingredients, the price of a pint of Guinness refuses to settle, and is set for a price hike. Diageo have confirmed they are planning to increase the price of Guinness by 2% or €0.10 in two weeks time. The price rise is expected to be passed on to customers.
Profits Up But Guinness Price Set To Rise
Despite glowing profit margins and cheaper ingredients, the price of a pint of Guinness refuses to settle, and is set for a price hike. Diageo have confirmed they are planning to increase the price of Guinness by 2% or €0.10 in two weeks time. The price rise is expected to be passed on to customers.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
