Angela McGowan presentation to October 2009 CBI (NI)/ Stratagem Conference

SMALL economies / GLOBAL economies Angela McGowan Chief Economist Northern Bank

Let’s take a look at …………. ,[object Object],[object Object],[object Object],[object Object]

Where is the global economy? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IS M small slip in Sept but still points to rebust growth

Consumer spending up in Q3 – and its not just cars

There is good news around.... ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Where has this left the LOCAL economy?... ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sectoral GVA: % Year on Year 2009 & 2010

Northern Bank: consumer confidence survey

Where are the local economic challenges? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Where are the opportunities? ,[object Object],[object Object],[object Object],[object Object],[object Object]

The literature tells us…. ,[object Object],[object Object],[object Object],[object Object]

Economic growth for small economies … ,[object Object],[object Object]

For long-term SUSTAINABLE economic growth - what does really matter ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

ALL ECONOMIES ARE NOW GLOBAL … ,[object Object],[object Object],[object Object],[object Object]

Local manufacturing…. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Service Sector: ,[object Object],[object Object],[object Object]

The business community needs to……. ,[object Object],[object Object],[object Object],[object Object],[object Object]

Local policy makers need to …… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Critical factors for full recovery… ,[object Object],[object Object],[object Object],[object Object],[object Object]

Conclusions… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Angela McGowan presentation to October 2009 CBI (NI)/ Stratagem Conference

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Angela McGowan presentation to October 2009 CBI (NI)/ Stratagem Conference