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Country Report Ireland

 

 

Summary of Country Report

Ireland - January 2012

  


Positive developments in 2011, but the outlook for Ireland's economy remains shaky

  • Current forecasts are for GDP to increase 0.9% in 2012, as exports will slow down.
  • All domestic sectors will continue to face challenges. Mainly affected are construction, retail  and hospitality.
  • Especially SMEs suffer from payment delays and restrictive bank lending.
  • Business insolvencies increased 7% in 2011. Retail and hospitality increasingly vulnerable in 2012.

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General Information

Capital: Dublin
Currency: Euro (EUR)
Population: 4.6 million

Main import sources (2010)

  • UK: 37.7%
  • USA: 13.8%
  • Germany: 7.6%
  • The Netherlands: 5.6%
  • China: 4.1%

Main export markets (2010)

  • USA: 22.1%
  • UK: 16.1%
  • Belgium: 15.1%
  • Germany: 8.1%
  • France: 5.3%

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Date: January 2012

 

 

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