Monday 19 February 2018

Stockbroker Davy lifts Irish growth forecasts

Albert Manifold of CRH
Albert Manifold of CRH

Davy has lifted its predictions for Irish GDP growth for 2014, 2015 and 2016.


The firm now expects growth of 4.8pc, 3.7pc and 3.4pc in those years respectively, up from August's projections of 3.5pc, 3pc and 2.8pc.

Davy said the main reason for the move is Ireland's strong export performance.

"The ICT services sector, pharmaceutical companies and indigenous manufacturers are all seeing output expand at a rapid pace. Looking forward, the weakness of the euro will help exporters' profit margins - offsetting weak demand from Europe," Davy said.

Businesses 'failing to measure value of mobility'

Many businesses are investing millions sending employees on foreign assignments without being able to measure the value of their investment, according to a new report from PwC.

Despite an expected rise in such assignments in future, only 8pc of global organisations can accurately put a cost on the programmes, the report found.

"Many businesses risk wasting considerable money sending the wrong people to the wrong places, overpaying for expats when local talent is available in-country," PwC employee mobility and HR services partner Mary O'Hara said.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business