Jim Power - Chief Economist

‘ REALISING THE FULL POTENTIAL OF SMALL BUSINESS FOR ENTERPRISING DONEGAL BUSINESS WEEK 2011 Jim Power March 7th 2011

GLOBAL ECONOMIC BACKDROP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

GLOBAL GROWTH FORECASTS Source: Capital Economics 2009 2010 2011f 2011f World -2.0% 3.4% 2.8% 2.3% G7 -3.7% 2.6% 2.0% 1.4% Euro Zone -4.0% 1.7% 1.0% 0.5% Japan -6.3% 4.2% 1.0% 1.0% UK -4.9% 1.7% 1.5% 1.5% China 9.2% 10.3% 9.0% 8.5% India 7.4% 9.2% 8.4% 8.6% Australia 1.3% 3.3% 3.8% 3.6% United States -2.6% 2.9% 3.0% 2.0%

IRELAND – WHERE IS THE ECONOMY TODAY? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

MERCHANDISE EXPORTS (VALUE) Annual Growth (Jan-Nov 2010) Food & Live Animals +11.0% Beverages & Tobacco +11.1% Chemicals & Related Products +9.1% -Medical & Pharma Products - Organic Chemicals +14.4% +7.8% Machinery & Transport Equipment -20.7% -Office Machines & data Processing -30.9% Dairy +27.1% Meat & Meat Products +9.3% Total +5.8%

STATUS OF IRELAND TODAY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

NON-FINANCIAL CORPORATE SECTOR CREDIT (YOY)

REAL CONSUMPTION OF GOODS & SERVICES

GROWTH IN REAL DISPOSABLE INCOMES

PRESSURE ON THE IRISH CONSUMER ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

CONSUMER CONFIDENCE (ESRI/KBC)

WHAT IRELAND NEEDS TO DO ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

THE ECONOMIC REALITIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

PRIORITIES FOR FIRST 100 DAYS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

REASONS TO BE CHEERFUL? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SOME PERSPECTIVES ON BANKING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SECTORAL CONSIDERATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

BARRIERS TO ENTREPRENEURSHIP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Jim Power - Chief Economist

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