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Ibec, the group that represents Irish business, today published its new Quarterly Economic Outlook Q4 2020 (see attached below), which forecasts an increase in GDP of 0.8% in 2020. The group says that the Irish exporting business model is proving resilient in the face of COVID and this strong export performance will be the central pillar of the economic recovery over the coming years. The other pillar will be delivering record household savings into the domestic economy. If the right incentives and channels are found, 2021 could be an extraordinarily strong year for consumer spending which would in turn, drive a recovery in employment.