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Arch Coal Inc. Message Board

go4invest 1 post  |  Last Activity: Jul 31, 2014 8:04 PM Member since: Jan 19, 2005
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  • 06:46, 29 July 2014 by Post Reporter

    Improving external demand and favourable exchange rate movements are expected to underpin export growth.

    Bank of Ireland has revised upwards its economic growth outlook for Ireland to 2.8 per cent for 2014, and up to 3.4 per cent in 2015.

    The first quarter of 2014 recorded solid growth and prospects for the second quarter also look good, the bank said, citing positive signals from export orders books, industrial production data and retail sales.

    Commenting on the revised outlook, Loretta O’Sullivan, chief economist at Bank of Ireland, said “The recovery path that we are witnessing is in keeping with what we would expect for a small open economy like Ireland. The starting point is a rebound in exports, which leads to a pick-up in investment. This supports employment growth which in turn, and in time, underpins an improvement in consumer spending”.

    “A broad range of indicators point to this recovery path and if we look at the Irish economy through this lens, it is clear that it has been in recovery mode for some time now,” O’Sullivan added.

    Improving external demand and favourable exchange rate movements are expected to underpin export growth, with domestic activity and the continuing recovery in the property market providing additional support to investment.

    The bank also said unemployment is projected to fall to about 10.4 per cent in 2015.
    .....

    Sentiment: Strong Buy

ACI
2.64-0.01(-0.38%)Sep 19 4:01 PMEDT

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