Monday October 26, 2020

Irish exporters face tough end to year

Ireland's indigenous exporters are in for a tough fourth quarter as a double-dip recession hits Britain.

29th September, 2012
Minister for Finance Michael Noonan and British chancellor of the exchequer George Osborne: a devalued sterling will make Irish goods more expensive in the crucial British market.

Ireland's indigenous exporters are in for a tough fourth quarter as a double-dip recession in Britain and a devalued sterling will make it tough for manufacturers and food and drink companies to take advantage of the lucrative holiday season in this key market.

Britain is struggling to get its economy back on track after GDP contracted 0.4 per cent in the second quarter. The Bank of England has responded with another round of monetary easing...

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