Monday July 6, 2020

Irish cost cutting to bring new flows of foreign investment - HSBC

Cost cutting in Ireland has done much to improve international competitiveness and should feed into renewed inflows of FDI, according to the latest HSBC Global Connections report.

27th February, 2013
HSBC predicted a 3 per cent per annum rise in exports to Ireland’s main markets in Europe up to 2015.

Cost cutting in Ireland has done much to improve international competitiveness and should feed into renewed inflows of foreign direct investment, according to the latest HSBC Global Connections report on Ireland.

This renewed FDI will help to bolster prospects for stronger trade flows in the years ahead, it said. But weaker prospects for Ireland’s main export markets mean that export growth will be more subdued than in the period prior to the euro zone crisis,...

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