Friday February 28, 2020

'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

24th October, 2018
Brexit uncertainty weighs on NI economy. Pic: Getty

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 falling unemployment leading to accelerated wage growth of 3.4 per cent in 2019.

But the institute says that a productivity gap between the foreign and domestic sectors...

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