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Ireland — Passing of second referendum creates feel-good factor

13 October 2009

A survey conducted by Irish recruitment firm Berkley found that 3 out of 4 workers believe the passing of the Lisbon Treaty will have a positive impact on Ireland's economic recovery, the Irish Examiner reports today.

Employees are becoming more optimistic. Only 44% feel that the recession is getting worse compared to 86% six months ago. 56% feel that the worse of the recession is over compared to only 14% six months ago.

Berkley Managing Director, Fergal Brosnan said "over the past two years these surveys have gradually shown a decline in confidence but the change since last March shows the first reversal of the trend. A significant positive step. Confidence is returning and job losses are expected to slow."

Berkley said that job vacancies have risen for the fourth month in a row. "With a large increase in foreign direct investment, companies are talking about new projects in Ireland."

However, Mr. Brosnan voiced one concern. He said "34% of workers expect a pay rise next year, which although down 9 points, would still be a little high given the fact that the economy still has a way to go."



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