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Investment in Waterford needed to capitalise on growth projections

Investment in Waterford needed to capitalise on growth projections

Waterford is in a good position to capitalise on Ireland's economic growth, according to a leading local businessman.

IBEC's Quarterly Economic Outlook forecasts growth of 4.2 percent this year, following expected growth of almost six percent for 2017.

The report also finds the economy is more stable than that of the Celtic Tiger era.

President of the Waterford Chamber of Commerce, Paul Nolan is a former regional head with IBEC.

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He says Waterford will only benefit from this growth if the county receives investment.

"We're very happy to see the kind of growth rates IBEC are forecasting of between four and six percent... that is a fantastic opportunity. We all know Waterford and the South East have been lagging behind in terms of outcomes and performances in the last few years,  so it's a fantastic opportunity, we're in the right place at the right time but we need in investment in infrastructure to make it happen."

 

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