Thumbs up for Irish economy

Giving an overview of the Irish economy at a recent event in New York hosted by BNY Mellon, Desmond Mac Intyre, chairman and chief executive officer of Standish Mellon Asset Management, said the reduction in the deficit to below 10%  and the estimated expansion of its economy by 0.9% in 2011 - the first since 2007 - gave good reason for optimism. “Standish expects this growth to continue into 2012, with medium to high expectations ranging from between negative 0.1 percent to positive one percent,” he said. “While the country is clearly not yet firing on all cylinders, there is likely to...