Belfast Telegraph

Economic conditions in 2014 'perfect for business growth'

Clare Weir

The year 2014 will mark a turning point for ambitious Northern Irish businesses, as they look to capitalise on the UK economic recovery, according to a new report.

HSBC's 'Business of Growth' document highlights the constant upwards revision of GDP growth over the last 12 months, the UK economy's outperformance of the eurozone and a rise of business confidence as providing the perfect conditions for growth.

It has identified the UK's business growth potential for 2014 by incorporating analysis of 39 separate forecasts of GDP and investment, as well as the findings of four leading business barometers.

Despite the slow emergence from the global downturn, the UK economy is now six to nine months into strong, sustained recovery.

In 2013, the UK outperformed most European economies, and employment recently rose to its highest level in five years.

Belfast Telegraph