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Bord Bia

General Industry News

 

Warning Irish economy on ‘cusp of overheating’

RTE News – 18.07.2019

The Nevin Economic Research Institute (NERI) has warned that the Irish economy is on the cusp of overheating. But the economic think tank says Brexit is the main risk facing the Irish economy right now. In its Summer 2019 Quarterly Economic Observer, it predicts economic growth in the Republic of Ireland will be higher than previously forecast this year. NERI estimates that in the event of a soft Brexit, GDP will rise 4.6% in 2019 on the back of strong employment growth, as the cyclical upswing continues. But the trade union backed organisation suggests that growth should start to slow after that, slipping to 3.3% next year and between 2.5-3% thereafter.

 

Number of visitors to Ireland rises but spending falls

Irish Examiner – 12.06.2019

Spend by tourists fell by more than 4% in the first three months of the year despite visitors rising by 5.5%, CSO figures have revealed - as industry bosses admitted growth is not being felt evenly across the country. CEO of Tourism Ireland, Niall Gibbons said the rest of the year would be more challenging for the industry. "We are in constant contact with our tourism partners around the country and we know that growth in overseas tourism is not being felt evenly across the industry. "Following several years of growth, we are very much aware that this year will be more challenging.

 

Britain remains our most challenging market for the peak season. While we welcome the fact that visitor numbers from Britain are up more than 2% for January-March, we know that currency fluctuations and the Brexit extension continue to cause uncertainty and may affect travel demand for the summer season”.

 

Manna partners Flipdish in fast food drone delivery plan

Irish Times – 19.06.2019

The drone company that hopes to begin fast-food deliveries later this year has announced a partnership that will give customers access to more than 1,000 restaurants across Ireland. The technology will mean anyone ordering food will have the option to select “drone delivery” when ordering through apps and websites.The drones themselves are expected to fly at over 80km/h and deliver food in under three minutes, a move that could revolutionise the take-away business. Manna, the Irish start-up which has been working its way slowly toward live testing later this year, has teamed up with Flipdish, the company that operates an online delivery platform used by restaurants and takeaways.