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Thread: Economists welcome first-quarter jump in export value of 5%

  1. #1
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    Default Economists welcome first-quarter jump in export value of 5%

    This:
    http://www.politics.ie/economy/80623...-year-end.html

    Along with this:

    THE VALUE of Irish exports rose 5 per cent in the year to April in what economists described as the quiet good news story of the struggling economy.
    External trade data from the Central Statistics Office shows imports fell 6 per cent on a seasonally adjusted basis leading to an increase in the State’s trade surplus.
    Dr Ronnie O’Toole, chief economist with National Irish Bank, described the performance of Irish goods exports over the last year, which rose to €7.7 billion in April, as “remarkable”. “While worldwide exports have been in freefall since Christmas, Ireland has been virtually alone among non-oil exporting countries in actually increasing export levels.”

    [Irish Times]

    Might be a good combination...

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    Politics.ie Member sandar's Avatar
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    its good news. But I wonder is this just the value in money terms and can be attributed to currency fluctuations against the dollar or sterling, in which case its ok but may not last.
    "Sometimes the best thing a government can do is simply get out of the way"-Vince Cable

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    Geckko
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    Ironically, demand from export markets would have the weakest affect on domestic output (and hence employment) because of the very large import leakage that results.

    (i.e. all this shows is that foreign companies are shifting more stuff through Ireland on its way somewhere else)

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    Politics.ie Member sandar's Avatar
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    good point gheckho....thats why the boom years should have been used to create better advantage for smaller indigenious industries, but the benefits are still there, because some welath is generated from this moving around.......
    "Sometimes the best thing a government can do is simply get out of the way"-Vince Cable

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    I'm pretty happy with this news on the face of it. Let's not hope it's not a repeat of the increase in exports we had when Dell moved all of it's hardware to Poland.
    The future saviour of the Irish Economy: Charles Darwin

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    The Balance of international Payments for quarter 1 will be out on the 30th so that'll help us to get a more whole picture.
    "She'll hold together. Hear me, baby? Hold together!"

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    Good news.

    Our exports are also far in excess of our imports now (prob more a sign that we aren't buying cars etc than a booming export industry).

    Still - good to have a few bits of good news to keep us away from those cyanide pills for a bit longer.

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    good news for a change, now if only they weren't trying to kill the rest of the economy (and exporters) with high wages, taxes, spending, borrowing, etc, etc., we stand some chance! This shows where the real burden lies, the government and the public sector dragging everyone down.
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    Politics.ie Member FutureTaoiseach's Avatar
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    Shows we can recover without the Lisbon Treaty. Green shoots. Bad news for the yes camp.

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    Quote Originally Posted by cd27 View Post
    good news for a change, now if only they weren't trying to kill the rest of the economy (and exporters) with high wages, taxes, spending, borrowing, etc, etc., we stand some chance! This shows where the real burden lies, the government and the public sector dragging everyone down.
    Exporters have always been getting on with it. Let's hope all this is reflected in my bonus a number of months down the line.
    The future saviour of the Irish Economy: Charles Darwin

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