Irish central bank cuts 2016 growth forecast, sees adverse risks

Irish central bank cuts 2016 growth forecast, sees adverse risks
 

Ireland's central bank said on Thursday it had cut its economic growth forecast for the second quarter in a row, citing weakness in exports and domestic demand.
It said risks were clearly tilted to the downside due to the uncertain impact of Britain's exit from the European Union.
The Irish economy will grow by 4.5 percent in 2016, down from a forecast three months ago of 4.9 percent, the bank said in its quarterly report. Ireland's finance ministry on Tuesday cut its 2016 forecast to 4.2 percent.
At that pace, Ireland will still probably be the EU's best-performing economy. But the... read more

 
6 October 2016 in Business, Views: 34
Source: Reuters
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