Northern Bank Briefing to Business Trust Signals Hope for Recovery

Angela McGowan, Chief Economist with the Northern Bank was the guest speaker at the monthly Northern Ireland Assembly and Business Trust (NIABT) breakfast briefing on 11th October.

Focusing on the current economic crisis, Angela provided a recovery update at global, national and local levels. She noted that economic recovery has been hampered by a number of factors including the escalation of the Euro debt crisis and the current political turmoil in the US.

But it wasn’t all doom and gloom, Angela stressed that Northern Ireland has its own unique selling points such as advanced technology which can allow for remote working, particularly useful for growing the Business Services market. Other opportunities such as Northern Ireland’s expertise in agriculture and its history of innovation and entrepreneurship could also serve to attract foreign investment.

This event was attended by over 40 parliamentary and business members, many of whom took the opportunity to ask pertinent questions in relation to the local economy and what the future holds for local business in Northern Ireland.

(l-r) Mike Nesbitt MLA, Angela McGowan, Robin Newton MLA (NIABT Chair), Joanne Stuart (Board of Trustees)

To find out more about October’s breakfast briefing, why not listen to our audio boo’s with guest speaker Angela McGowan Chief Economist with the Northern Bank, Robin Newton, Chairperson of the NIABT and Joanne Stuart, Director of Attrus Ltd and NIABT Board Member.