Classifieds Advertise Archive Subscriptions Family Announcements Photos Digital Editions/Apps
Connect with us

Business

Fall-off in export figures should put a dampener on Government expectations of early recovery

Published

on

The country’s latest export figures should sound a warning note for those who believe we have turned the corner, according to rebel Galway East TD Colm Keaveney.

CSO figures showed that goods exports up to March had fallen for the fifth month in a row on a year on year basis – leaving them at their lowest levels since 2009.

And the former Labour Deputy said that this should be ‘a serious cause of concern’ given that the Government’s own growth expectations had already fallen so far short of target.

On a seasonally adjusted basis, goods exports over the first quarter of the year were down €2,173m, or 9.3% from 2012.

Industrial production and turnover figures, released by the CSO on May 3, show that both indexes had seen falls to leave them at their lowest for the last three years.

” The Government has targeted growth of 1.8% in GDP for this year and budgetary outturn is dependent on that level of growth being achieved. If the trend in exports for the first quarter is repeated in subsequent quarters, it is difficult to see how that figure can be achieved,” he said.

And he called on the Government to be ‘honest with the Irish people and to tell the truth about the condition of the economy’.

“Simply declaring, as many Ministers have done, that we are on the road to recovery, does not make it so. There have been many voices, including my own, that have tried to warn the Government that their current economic policies were likely to inflict damage on our medium term economic prospects.

“While in the short term the current economic policy has seen some success in reducing the deficit they were, in effect, based on a gamble that our exports would lift us out of our current difficulties: we are now seeing a significant fall in our goods exports.

“The domestic economy was effectively abandoned with the spending power of low and middle incomes being weakened by the various Government measures over the last numbers of years, not the least of which were the ones contained in the last budget.

For more, read this week’s Connacht Tribune.

Connacht Tribune

Former Manchester United star joins forces with Galway tech company

Published

on

New alliance...Rachel Kavanagh, CMO Clubforce; Garry Stannett, CEO Rio Ferdinand Foundation, and Noel Murray, CEO, Clubforce.

A Galway enterprise that started out as a pet project to establish a fundraising tool for Irish Diaspora to send money to their GAA clubs back home has now teamed up with an English football legend – to drive inclusivity in sport.

Clubforce, founded by Warren Healy in Carna back in 2009, has joined forced with the Rio Ferdinand Foundation, a youth and community development charity which works in the heart of the UK’s most disadvantaged communities.

The Rio Ferdinand Foundation was set up in 2012 by the former professional footballer, following issues of inequality he experienced in his own life.

It is now working in communities across Ireland and the UK, with regional hubs in Belfast, Manchester, and London – supporting more than 10,000 youths, helping them to realise their potential.

Foundation Founder, former Manchester United and England centre-half Rio Ferdinand, said he was ‘delighted to collaborate with a community-focused software company developing technology to promote sports participation and make sport accessible to all’.

“We are on the same journey,” he said.

Clubforce CMO Rachel Kavanagh said they had huge admiration for the work done by the Rio Ferdinand Foundation – particularly for girls.

“I’m especially excited to hear about programs such as GoGirl, building the confidence of young women and girls to achieve their potential. We’re looking forward to contributing to the efforts made by the Foundation to drive inclusion and sports participation across genders in both geographies,” she said.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Continue Reading

Connacht Tribune

New domain registrations reveal growth of almost 7% over first half of year

Published

on

Figures...David Curtin.

Traditional businesses are embracing their online presence now more than ever in the aftermath of Covid – with Galway companies showing a growth of almost seven per cent in new domain registrations post-pandemic.

That’s according to the latest statistics released by .IE, Ireland’s country domain manager. 

There were 1,236 new .ie domains registered in Galway in the first half of this year, representing growth of 6.6% over pre-pandemic 2019.

That figure accounted for over half of the 2,352 new .ie domains registered in Connacht between January and June 2022, as the database reported 2.6% year-on-year growth, with new registrations returning to pre-pandemic levels.

Identifying with place proved very popular for new .ie registrations in H1 2022. In Galway, the top three keywords in new .ie domain registrations were ‘Galway’, ‘Ireland’ and ‘Irish’.

At the end of June, the total .ie database stood at 332,642 domains.

Limerick recorded the highest percentage growth among the major urban counties (Dublin, Cork, Galway and Waterford) over the first half of 2022 compared to the same period in 2019.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

 

Continue Reading

Connacht Tribune

Large numbers of younger Irish workers plan to change jobs in next two years

Published

on

Gary Notley...workers reassessing options.

More than half of the co-called Gen Z’s and only slightly less of our millennials plan to leave their current jobs for pastures new in the next two years.

That’s according to a new Deloitte Ireland survey which revealed that 56% of Gen Zs and 40% of millennials plan to leave their current roles in that time.

It also found that 53% of millennials believe the economic situation will worsen in the next twelve months, compared to 36% of Gen Z.

And 55% of Irish millennials cite the cost of living as being their number one greatest concern with one in four of them leaving their organisations in 2022 as a result of burnout.

Gen Z refers to the generation of people born in the late 1990s and early 2000s, while millennials are those reaching young adulthood in the early 21st century.

Overall, the survey found that both cohorts are concerned about an economic downturn – but they desire a better work/life balance and want more flexible working arrangements than they currently have.

The Irish participants were taking part in the Millennial and Gen Z global study of over 45 countries – and they said they are more willing than ever to leave for fresh opportunities.

They are seeking options to provide them with better salary/reward, work life balance, higher flexibility and opportunity offered by employers, and, to a lesser extent, organisations focused on climate change.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Continue Reading

Local Ads

Local Ads

Advertisement
Advertisement

Facebook

Advertisement

Trending