Damien English
Question:60 Mr. English asked the Minister for Finance his views on the current trend in exports and its relevance for macroeconomics policy. [14576/03]
Vol. 567 No. 6
60 Mr. English asked the Minister for Finance his views on the current trend in exports and its relevance for macroeconomics policy. [14576/03]
As the House knows, Ireland has a very open economy which is more affected than many others by world economic conditions. The success of our economy relies significantly on continued inward investment and on the performance of the export sector in selling goods and services to other countries.
The continued global economic downturn, and the appreciation of the euro have been factors in the recent export performance. The strength of the euro has made Irish exports less competitive, particularly in the US and the UK markets.