Northern Ireland: It can only get better
Despite evidence of a general economic slowdown in Northern Ireland accumulating, Invest NI, a new economic development agency, is promoting innovation and a more enterprising culture. Looking out over the medium to longer terms, there is both good and bad news to report
During the past three months, evidence of the general economic slowdown has accumulated in Northern Ireland (NI). Industrial output weakened further, particularly in the depressed textiles sector. Consumer confidence weakened, house prices fell and the level of new housing starts declined. Business confidence remained fragile across all sectors. Without doubt some of relative gloom was prompted by developments in the Middle East, to say nothing of the twists and turns in the NI peace process.
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