Ireland's Economy Expected To Benefit Hugely From Easing Of Restrictions

Tuesday, 11 May 2021 08:41

By Gareth Farrell

The economy could perform better than initially expected, according to new forecasts from Davy stockbrokers.

It's revising up it's initial expectations from 4.8 percent GDP to 5.6 percent.
The pharmaceutical and technology sectors continued to perform strongly during the third lockdown, while other sectors suffered less than expected.
Chief Economist at Davy, Conall McCoille, believes there will be a strong rebound in consumer spending for the rest of the year, providing there are no more issues with Covid-19

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