Ireland Food & Drink Report Q4 2012 - New Market Research Report
BMI View: Domestic demand in Ireland is set to remain subdued on account of falling house prices, fiscal austerity, double-digit unemployment and high household indebtedness. We therefore continue to expect that the Irish economy will contract by 0.5% over the course of 2012, with activity undermined by soft eurozone demand for Irish exports. Only a tepid recovery is expected in 2013, when we forecast the economy will expand by 0.8%.
View full press release