Ireland's prospects are more favorable than those of other indebted European countries such as Greece and Portugal, a new report said today.
Ireland's "extremely strong" exports, falling prices and wages, and "highly competitive" corporation tax rate will help the country's economy return to growth, accounting firm Ernst and Young said in its summer 2010 forecast today.
"Ireland has been branded alongside Portugal, Spain, Italy and Greece," the report said. While there are similarities, there is "a range of factors in which the economies differ markedly", it said.
Bloomberg
