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Positive developments in 2011, but the outlook for Ireland’s economy remains shaky
- Current forecasts are for GDP to increase 0.9% in 2012, as exports will slow down
- All domestic sectors will continue to face challenges. Mainly affected are construction, retail and hospitality
- Especially SMEs suffer from payment delays and restrictive bank lending
- Business insolvencies increased 7% in 2011. Retail and hospitality increasingly vulnerable in 2012
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General Information
Capital - Dublin
Currency - Euro (EUR)
Population - 4.6 million
Main import sources (2010)
- UK - 37.7%
- USA - 13.8%
- Germany - 7.6%
- The Netherlands - 5.6%
- China - 4.1 %
Main export markets (2010)
- USA - 22.1%
- UK - 16.1%
- Belgium - 15.1%
- Germany - 8.1%
- France - 5.3%
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Date January 2012
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