World Economy

Irish Exports Surge

Irish Exports SurgeIrish Exports Surge

Surging exports on the back of a competitive euro and a recovery in the value of the huge amount of pharmaceutical products made in Ireland is likely to soon trigger a new round of upgrades in projections for economic growth, NewsNow reported. The CSO figures published Friday showed the value of goods exported in the first quarter of the year had climbed to €24.95b ($28.42b) from €21.25b a year earlier, confirming that a pick-up in Ireland’s largest trading partners — Britain and the US — is driving a long-delayed strong recovery for exports. Unadjusted figures showed that, led by medical and pharmaceutical products, exports surged in March alone to over €9b, their highest value since May 2002.