'Tale of three economies' on island of Ireland

The Nevin Economic Research Institute says that a productivity gap between the foreign and domestic sectors is concealing weaknesses in the Republic’s economy

Brexit uncertainty weighs on NI economy. Pic: Getty

A report from the Nevin Economic Research Institute (NERI) has argued thatinvestment from multinational companies has created three economies on the island of Ireland.

In its latest quarterly economic report, the institute says the Republic’s economy is growing strongly, but Northern Ireland is “struggling to find momentum”, despite a recent modest improvement.

It is projecting GDP growth of 8.1 per cent this year and 3.1 per cent in 2019 in the Republic, with ...