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Ireland ETF In Focus On Euro Zone Recovery

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irelandRecovery in the Euro zone, which emerged from the 18-month long recession last year, continues to stay on track to recovery. Its economy grew at the pace of 0.3% in the last quarter of 2013, as against 0.1% in the preceding quarter.

Consumer confidence as well as economic sentiment in the region is picking up, indicating a brighter outlook. Two countries within the Euro zone have already opted to exit the bailout program with Spain’s exit last month.

However, Ireland was the first Euro area nation to have been able to come out of the three-year bailout program in December last year (read: Is This a Better Europe ETF?).

The Irish economy is currently on a growth trajectory given ongoing fiscal consolidation, reviving domestic demand, an improving housing market, rising exports and a recovering banking sector.

Ireland in Focus

The economy expanded 1.5% in the third quarter of 2013. As per the European Commission, the Irish GDP will expand 0.3% in 2013, 1.7% in 2014 and 2.5% in 2015, signaling that the country’s growth is well on course.

Though still high, the unemployment rate is exhibiting a downward trend. The unemployment rate has fallen to 12.4% in January 2014 from 13.9% in January 2013. Also, it is expected to come down to 12.3% for the full-year 2014 and 11.7% in 2015.

Furthermore, European Central Bank’s President Mario Draghi has vowed to use all means to fight the problem of falling inflation. It is expected to keep an accommodative monetary policy until inflation rises to ECB’s target level of just under 2% for the euro region (read: Poland: A Better Eastern Europe ETF?).

Moreover, rating agency Standard & Poor’s has reaffirmed Ireland’s long-term sovereign rating as positive in December last year. Also, the agency might raise its rating, if the Irish economy manages to reduce its debt burden.

Given the improving fundamentals for the Irish economy, a look at the top ranked ETF in the space could be the way to target the best of the segment with lower levels of risk.

(...)Click here to continue reading the original ETFDailyNews.com article: Ireland ETF In Focus On Euro Zone Recovery [iShares MSCI Irld Cp Invstb Mrkt Indx Fd]
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