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Economic Outlook An Bord Bia Annual Food and Drinks Industry Day November 05, 2009 Austin Hughes, KBC Bank
It’s Not the Great Depression… But It’s Close
Normal Service Resumed?
Wealth Destruction Will Restrain Recovery
Credit Still Crunched
US Economy Is Turning
A Bumpy Road Lies Ahead In Europe
Out of Balance
The Other Side Of The Coin
So What About Ireland?
Irish Jobs Market Has Changed Dramatically Right hand sideLeft hand side
A Paler Shade Of Grey
House Prices and Building Still Sliding
Budget Worries Persist
Irish Consumers Slightly Less Gloomy
Poorer Sentiment Has Hit Spending
Diagram 4: Turning to the broader Irish economy, how do you feel compared to three months ago? Increased Decreased
Diagram 1: Apart from normal seasonal patterns, how has your company's level of business changed in the past three months? Increased Decreased
Diagram 2: Apart from the normal seasonal patterns of the next three months, do you expect your company's level of business activity to? Increase Decrease
Commodities Still Say The World Is Changing
Where Next For Food Prices?
Summary The recession is over The hangover will persist Recovery will be bumpy Confidence and costs hold the key
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