LESS THAN HALF of Irish investors have confidence in the Irish economic outlook over the next three months.
In a survey carried out by online bank RaboBank, investors confidence in the run-up to the budget has tumbled four per cent in just three months.
Confidence in the global economy is holding up however, with 73 per cent of investors optimistic about the global outlook over the next three months – unchanged since June.
In terms of their own future, 74 per cent of investors are confident, down nine per cent since June.
Confidence around investing in the Irish property market has increased since June, with 42 per cent saying they would be optimistic about investing in the Irish property market in the next three months (just 31 per cent in June).
That compares to 49 per cent optimism around investment in the global property market, which saw an 8 per cent jump since June.
Killian Nolan, Investment Manager, RaboDirect said: “While Irish investors continue to be upbeat about the global economy, appetite for risk has fallen slightly. This can be seen in moves by investors away from emerging markets and Asia – both of which appear to have outperformed recently and now face a less certain outlook.
The net beneficiary from this is clearly Europe which is seeing an improvement in its long-term outlook and this is sparking fresh interest.