Sunday 28 December 2014

One in three people positive about economy

Published 24/05/2014 | 02:30

In Ireland, just over a third of people are positive about the state of the national economy
In Ireland, just over a third of people are positive about the state of the national economy

CONFIDENCE among the public towards the economy is growing, but people are less convinced about the prospects for their locality, a new survey has found.

This month's Global Economic Pulse by research company Ipsos includes Ireland for the first time, a survey of 24 countries across the world.

In Ireland, just over a third of people are positive about the state of the national economy, while just 22pc expect to see an improvement in their local economies over the next six months.

Kieran O'Leary, public affairs research director in the Ipsos office in Dublin, said that after six years of turmoil, confidence has been returning.

"This is a common theme across numerous consumer confidence surveys, including our own local measurement, which is standing at its highest point in 10 years," Mr O'Leary said.

"With falling unemployment levels, and, more recently, rising house prices, consumers are feeling more bullish about the prospects for the economy."

But he said the increases were likely quite fragile, and predicted that with a range of new tax increases due to come into force next year, including water charges, confidence could yet fall back.

Saudi Arabia continued to lead the global ranking, with 89pc confident about their economy. Some 76pc in Germany were positive, but in contrast, just 9pc in France had faith in the economy.

Irish Independent

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