Outlook for north positive with outbreaks of growth
By Simon Cunningham
THE recovery of the Northern Ireland economy is now "well under way" according to the latest report from Danske Bank.
Its quarterly sectoral forecast found the majority of sectors to be expanding, and predicted growth of 2.6 per cent in 2014.
That was upgraded from the 2.4 per cent previously forecast while Danske is also predicting a 2.3 per cent growth in 2015.
The report said the positive figures were due to rising employment levels, a recovery in the local housing market, improved confidence, improved credit conditions and the recent re-bound in the neighbouring economies of Britain and the Republic.