NI must become more enterprising to sustain economic growth

Northern Ireland can build on continuing economic growth by meeting the enterprise challenge of seizing and implementing new business opportunities.

That was the message from Enterprise Minister Angela Smith, who published the latest Quarterly Economic Review on Thursday. The review indicates a positive outlook for the Northern Ireland economy and examines the challenges in relation to enterprise and entrepreneurship, key drivers of productivity growth.

The Minister said: "The Northern Ireland economy continues to perform well against the backdrop of a continued global recovery. However there are a number of challenges that need to be addressed if we are to deliver the Northern Ireland Economic Vision.

"Our businesses must seize new business opportunities and implement them effectively, continually exploring new products and new markets.

"This review highlights evidence that suggests our small and medium sized businesses achieve stronger growth rates and are more likely to become involved in exporting than their GB counterparts. Would-be entrepreneurs should take heart from these figures and persevere with their ideas."

The review contains the latest statistics for the global, UK, Republic of Ireland and Northern Ireland economies and draws together a number of independent commentaries to provide a concise picture of the current economic climate.

The review can be accessed at www.detini.gov.uk, by emailing economics@detini.gov.uk or ringing 028 9052 9513.


Related Northern Ireland News Stories
Click here for the latest headlines.

13 September 2019
New Footage Released In Malcolm McKeown Murder Probe
Detectives investigating the shooting of Malcolm McKeown in Co Down last month have released new CCTV footage of events at the filling station where he was murdered. The father of three was struck down outside Dewarts Garage in Waringstown on the evening of Monday 19 August.
13 September 2019
New Ways To Reuse Plastic Pioneered At QUB
As the world grows more conscious of plastic pollution, researchers at Queens University Belfast are pioneering new methods to transform single-use plastic items into a range of useful products.
17 September 2019
Top Tips For A Healthy Student Life
Students across Northern Ireland are being reminded to prioritise their health and wellbeing as they embark on a new term at college or university. Freshers' Week kicked off on Monday, with thousands flocking to shared accommodation to prepare for the new academic year.
13 January 2004
NI Economic Research Institute swings into operation
The new Economic Research Institute will play an important role in contributing to economic debate and understanding in Northern Ireland and in the development of the local economy", according to Ian Pearson Parliamentary Under-Secretary of State.
20 September 2002
Sustainable development does not mean 'sacrificing economic progress'
Recognising the importance of sustainable development does not mean sacrificing economic progress, the First and Deputy First Ministers said today.