Dublin tipped as fastest growing city in Europe

 

DUBLIN is tipped to be Europe's fastest growing city by the end of the century, a study by a European wide consortium of economic research institutes said yesterday.

Dublin will achieve average growth of 4 per cent between 1994 and 1997, compared with an EU average of 2.7 per cent, the ERECO survey shows.

ERECO includes research institutes from Britain, Germany, France, Italy, the Netherlands and Austria. Ms Mary Finan, the president of the Dublin Chamber of Commerce, welcomed the findings, saying it "confirms the very positive aspects of Dublin's economy which chamber members have been experiencing over the past year".

The survey said Milan was next in line with an expected growth rate of 3.9 per cent, followed closely by Berlin at 3.5 per cent.

London was forecast to grow by a more sedate 3 per cent while Dussledorf hit bottom of the league at 1.4 per cent, just marginally below Rome at 1.6 per cent.

The survey, which ranked European cities by gross value added between 1994 to 2000, highlighted Dublin's efforts to become more globally competitive and singled out the International Financial Services Centre.