DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vwh5rx/pestle_analysis) has announced the addition of the "PESTLE Analysis of Ireland 2013" report to their offering.
Recovery of global economy, particularly Europe is likely to impact the growth of the Irish economy. The service sector is the major contributor with 72% share in GDP. Apart from hi-tech and energy industries, financial intermediaries are driving the Irish economy. IT, communication, media, and renewable energy industries are likely to drive the Irish economy. The Irish economy is likely to grow to $263.9 billion at the current price by 2018 at a CAGR of 2.5% during 2013-2018.
The study indicates that Ireland is facing economic and social challenges due to high sovereign debt, low foreign exchange reserves, and high unemployment rate. The country witnessed recovery in current account balance and fiscal situation of the government with reducing fiscal deficit. The report highlights the major drivers of the economy.
The entertainment and media industry is one of the emerging industries in Ireland. Continuous digital innovation in Ireland led technology-based industries to grow with higher rate. The entertainment and media industry is set to grow with annual average growth of 4.2% during forecast period. Another emerging industry in Ireland is renewable energy industry. Renewable energy resources are abundantly available in Ireland, but only a fraction of these resources have been tapped so far. Renewable energy accounted for 15% of total energy requirements of Ireland in 2012. The Irish government has committed to increase this to 33% by 2020. 40% of electricity, 10% of transport consumption, and 12% of thermal consumption are targeted from renewable energy by 2020.
For more information visit http://www.researchandmarkets.com/research/vwh5rx/pestle_analysis
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