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Simon Anholt, international expert on how countries understand, measure and manage their reputations, spoke at the Gateway Ireland 'Connecting the Dots' event in...

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Irish consumers more hopeful on economy in January

29.01.2010
Irish consumers are more hopeful about the economic situation in January than they were in December, according to the latest AIB/Amárach Recovery Indicator.

The indicator, which is a monthly measure of consumer views on the economy now and in the future, received its strongest monthly surge in January, reflecting both a changing national ‘mood’ and a possible 'seasonal boost, AIB said.

According to the indicator, three in five Irish adults (61pc) are optimistic in spite of the current economic situation, which represents a 10pc increase compared to the December figure.

The majority of adults (52pc) also feel Ireland will be through the worst of the recession in 12 months time, which represents an increase of 9pc on the December figure.

The indicator also revealed that one third of all Irish adults are now in agreement that ‘the economic situation is bad but has stabilised’, while three in 10 agree that ‘the economic situation is bad but showing a few signs of recovery’.

However, although from a macro-perspective Irish adults appear more optimistic about the future, “they are still conservative with regard to their own personal financial outlook and they remain consistent in their views on savings and on debt repayment”, AIB said.

 

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