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11/12/2014
Private Sector Is Leading Recovery - Foster
The private sector is the main driver behind Northern Ireland's economic recovery, according to the Department of Enterprise, Trade and Investment.
The Department said the economy is predicted to grow by 2.4% in 2014, before slowing to 1.9% in 2015.
"A consistent picture across these forecasts is the divergence between a growing private sector and the public sector," said Enterprise Minister Arlene Foster.
"Independent forecasters expect us to experience solid growth in the coming years and that is welcome news, particularly in these times of heightened uncertainty, not just locally but also in the wider global economy.
"However, this growth is very much reliant on continuing to boost our private sector alongside the public expenditure challenges which are now being felt. That is why Corporation Tax, which is now almost within our grasp, is essential as a measure to help grow our economy."
(IT/JP)
The Department said the economy is predicted to grow by 2.4% in 2014, before slowing to 1.9% in 2015.
"A consistent picture across these forecasts is the divergence between a growing private sector and the public sector," said Enterprise Minister Arlene Foster.
"Independent forecasters expect us to experience solid growth in the coming years and that is welcome news, particularly in these times of heightened uncertainty, not just locally but also in the wider global economy.
"However, this growth is very much reliant on continuing to boost our private sector alongside the public expenditure challenges which are now being felt. That is why Corporation Tax, which is now almost within our grasp, is essential as a measure to help grow our economy."
(IT/JP)
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