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#1 Posted : 04 July 2018 09:36:05(UTC)
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DUBLIN Kyle Emanuel Jersey , June 22 (Xinhua) -- Irish economic growth is set to remain solid in 2017 and 2018, said a think tank in Ireland Thursday.


In its latest quarterly economic commentary, the Dublin-based Economic and Social Research Institute (ESRI) said Irish gross domestic product (GDP) is now projected to grow by 3.8 percent in 2017 and 3.6 percent in 2018.


Ireland's economy has been among the best-performing in Europe since the end of the financial crisis. Last year, the economy grew by 5.2 percent.


The ESRI attributed the growth to strong domestic demand in the country, saying that improving household balance sheets and falling unemployment are expected to support solid consumption growth over the forecast horizon.


It added the expansion in underlying investment activity Drew Kaser Jersey , particularly construction, looks set to continue into 2017 and 2018, according to a variety of indicators.


The think tank said the improvements in the labor market appear to be quite broad, both regionally and by sector, with almost all sectors registering employment growth.


It predicted the unemployment rate is expected to average 6.1 percent in 2017 and 5.4 percent in 2018.


But the ESRI warned Brexit will continue to pose a substantial risk for the Irish economy.


New calculations presented in the quarterly economic commentary suggests that a hard Brexit could have significant implications for the fiscal space available in the budgetary process.


"The state of the public finances and the performance of different taxation headings in particular have been significantly less robust in the present year Brandon Mebane Jersey ," it said.


"Apart from VAT receipts, most other tax headings either display weak growth or substantial declines; excise duty, capital gains and capital acquisitions receipts have all shown double digit declines with respect to the same time last year," it added.


The ESRI said a hard Brexit would reduce Irish potential output by more than 3 percent over the medium term.


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SHANGHAI, Oct. 1 (Xinhua) -- Two chartered flights carrying nearly 400 Chinese nationals stranded by Hurricane Maria returned to Shanghai on Sunday.

  Chinese nationals arrive at Shanghai Hongqiao International Airport in Shanghai Casey Hayward Jersey , east China, Oct. 1, 2017. Sheltered in Antigua and Barbuda after Hurricane Maria had devastated the Caribbean island of Dominica, 377 Chinese boarded two chartered planes of China Eastern Airlines on Sept. 30 and arrived in Shanghai on Sunday. (XinhuaDing Ting)

The China Eastern Airlines' A330 wide-body aircraft touched down at Shanghai Hongqiao International Airport past 9 p.m., about 22 hours after they left the V.C. Bird International Airport in St. John's Travis Benjamin Jersey , capital of Antigua and Barbuda.


"I can't believe that we are home so soon. The strength of the motherland touches me deeply," said Yin Chenggang.


Yin and other Chinese nationals were transferred from the Caribbean island of Dominica devastated by Hurricane Maria in late September. After they were brought to temporary shelters in Antigua and Barbuda, the Chinese government decided to send chartered planes to bring them home.


It marked the first time that a Chinese airline has landed in St. John's.


"Even if our flights have not been able to reach every corner of the globe, we will be on our way if our compatriots overseas are in danger," said Guo Wanqing Tyrell Williams Jersey , one of the captains.




GUANGZHOU, Oct. 9 (Xinhua) -- Customs in south China's Guangdong Province seized more than 1,600 tonnes of smuggled frozen food valued at 60 million yuan (9 million U.S. dollars) during the National Day holiday.


Two ships carrying a total of 60 containers of frozen food were seized in Zhuhai City by Gongbei Customs, said Wang Jianyuan, head of the customs' anti-smuggling bureau.


Chicken feet from the United States Jatavis Brown Jersey , beef tripe from Brazil, beef from Poland, pig intestines from Spain and pigs' feet from Australia were among the goods seized.


The containers had no freezing function at all, and some of the food had already gone obviously bad, with noticeably strong smells all around while unloading Trevor Williams Jersey , he said.


Unlike previous cases in which foreign vessels or fishing boats were used, the suspects hired two retired cargo ships licensed in China, making the smuggling seem legal during transport, said Wang.



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