Economic Outlook - April 2015

The combination of favourable exchange rates, quantitative easing and lower oil prices will result in robust economic growth this year and next. Strong growth can also be sustained when the current stimulus measures subside but only if we manage the recovery sensibly.

Two-thirds of domestic services business will not be in a position to award wage increases in 2015 because their turnover remains up to 20% below the pre-crisis peak. Economic recovery is gaining momentum but it has not yet benefited all sectors or regions. This reality must be reflected in wage expectations and other cost pressures.

9349_IBEC_Q1_2015.pdf - 163 Kbytes

Monday, 13 April 2015