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Irish investors 'feeling more positive about global economic outlook'

Survey of RaboDirect customers shows upswing in confidence about their personal and global financial situation – but they are slightly less sure about the Irish economy.

A SENTIMENT SURVEY across customers of RaboDirect who have investment accounts shows an upswing of confidence in the financial outlook for the country.

This infographic shows how the Investor Barometer – which the bank began monitoring in April 2010 – has a majority of investors “optimistic about the global economy”. A lower percentage (52 per cent vs 73 per cent on the global outlook) have confidence in how the Irish economy and stocks will performs over the next three months:

However, while 73 per cent is an upswing from 64 per cent who were confident in the global scene when surveyed in January this year, confidence has dropped slightly in how investors see the Irish economy performing over the next three months. (It was 55 per cent in January and is 52 per cent now.)

RaboDirect believes that the positive sentiment “is reflected in investors’ preferred asset classes with 64 per cent indicating a preference for equities (Jan 2013: 51 per cent) while 19 per cent preferred cash (Jan 2013: 25 per cent); 12 per cent preferred bonds (Jan 2013: 20 per cent) and 5 per cent preferred property (Jan 2013: 3 per cent).

Emerging markets and the US are top investor choices, followed by Europe and Asia. The investors referred to are individual investors, rather than corporate investors.

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    Mute Seamus Quaide
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    Feb 6th 2023, 7:52 AM

    Give us trade and we’ll be fine about you using Shannon Airport for a stopover for your warcrimes in the Middle East.

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    Mute Kevin Carroll
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    Feb 6th 2023, 10:55 AM

    @Seamus Quaide: all our airports are wide open for everyone off the world.
    You don’t need a passboard to get access to Ireland

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    Mute Sarah Broderick
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    Feb 6th 2023, 9:57 AM

    Why bother? Most of the money US companies make in this country doesn’t stay in this country. Are they even making an impact on employment – look at tech???

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    Mute The next small thing
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    Feb 6th 2023, 2:21 PM

    @Sarah Broderick: There are hundreds of thousands working in multinational companies in this country paying a large chunk of payroll taxes and 25% of our overall tax take comes from corporation tax, with the majority coming from a few of these tech/phara compnaies. If these companies stop investing in this country we a banjaxed and there will have to be a large cut in government expenditure to try and balance the budget.

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    Mute Will Roche
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    Feb 6th 2023, 11:19 AM

    Can he not use FaceTime or a phone call?

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    Mute Rodí O'Leary
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    Feb 6th 2023, 2:40 PM

    @Will Roche: yes, because that’s a great way to build relationships and network… Some expenditure is worth. Not everything can be done on a shoestring.

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    Mute Johnny Farrell
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    Feb 6th 2023, 12:22 PM

    Where are the employees going to live…???

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    Mute Colm Molloy
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    Feb 6th 2023, 9:33 AM

    Did he fly direct from Ireland is the question, if not on a state plane

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    Mute Pat Barry
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    Feb 6th 2023, 9:25 AM

    That’s some jump from 2020 with €50 billion in exports to US! Source CSO.

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    Mute Pat Barry
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    Feb 6th 2023, 9:52 AM

    @Pat Barry: and €18bn US imports in 2021 so €255bn combined is way off.

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    Mute Fuji Hakayito
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    Feb 6th 2023, 6:14 PM

    Most politicians I just see as incompetent buffoons. This guy, I dunno, I just don’t like him.

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    Mute Pat Barry
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    Feb 6th 2023, 6:46 PM

    @Fuji Hakayito: It’s not a popularity show, it’s down to competency as stated and I don’t see him as a buffoon unlike some of his peers.

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    Mute Patrick Herbert
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    Feb 7th 2023, 1:34 PM

    COVENEY IS AT HIS JOB

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