Strong Economic Growth is Great News for Irish SMEs

Posted by Gerard Adlum on Feb 29, 2016 11:29:26 AM

Ireland’s economy is expected to rise by 4.8% this year and 4.4% next year. This is great news for Irish SMEs, the largest body of employers in the country.

These statistics are according to the latest report from the Central Bank, which puts Ireland’s growth slightly ahead of its previous forecast. This growth is fuelled by the recovering domestic demand for goods and services, with gross domestic product predicted to have grown by 6.6%.

Gross national product should rises of 4.3% this year and 3.9% the following year. Speaking on this report, the Central Bank said, “While, in part, the current strong growth phase reflects a rebound from past weaknesses, to a greater extent, it represents movement back towards the full utilisation of resources and the realisation of the economy’s potential”.

In other words, Ireland’s economic growth should not surprise us. We’re moving closer to where we should rightfully be. After years of recession and economic decline, the Central Bank’s optimism will be music the ears of SME owners around the country.

If you’re looking for a loan to grow your business, talk to Linked Finance today.

Apply for a Business Loan Now in Just 2 Minutes...


Topics: SME's, News

Business Loans but Different

A Better Way to Borrow for Your Business

Linked Finance connects great local businesses who need loans with thousands of individual lenders. This is about using technology to bring business lending back to basics; real people with savings lending to great local businesses at attractive interest rates. Businesses get the funds they need to grow, lenders make a fair return. Everybody wins!

If you need a loan to grow your business, talk to Linked Finance

  • You get a same-day credit decision.
  • You can borrow up to €300K.
  • No early repayment penalties.
  • A friendly, no-hassle approach.
  • Promote your business.
  • Win new customers as part of the process.

Subscribe to Email Updates

Need a loan to grow your business?

Apply online now in just 2 minutes!

Recent Posts