Arab Today, arab today imf slashes irish growth forecasts
Last Updated : GMT 17:43:52
Arab Today, arab today
Arab Today, arab today

IMF slashes Irish growth forecasts

Arab Today, arab today

Arab Today, arab today IMF slashes Irish growth forecasts

Dublin - AFP

The International Monetary Fund on Friday slashed its growth forecasts for Ireland after predicting weaker consumer demand and export growth for the bailed-out eurozone nation. The IMF, which formed a central part of Ireland\'s international rescue in 2010 that was worth 85 billion euros, said it expects Ireland\'s economy to grow by 0.6 percent this year compared with a previous forecast of 1.1 percent. It added that gross domestic product (GDP) was forecast to expand by 1.8 percent next year compared with the Fund\'s earlier prediction of 2.2 percent. \"The growth projection for 2013 has been pared back by a half-percentage point to 0.6 percent year-on-year,\" the IMF said in its latest report on Ireland. \"Most importantly, export growth has been cut by 1.5 percentage points.\" It added: \"Weaker consumption and export growth are expected to dampen the pace of recovery, with growth now pencilled in at 1.8 percent in 2014.\" The nation\'s economy has benefitted in recent times from solid exports. Its trade surplus widened by 8.0 percent in July from June as exports grew faster than imports, recent official data showed. The downgrades come despite Ireland exiting recession in the second quarter with economic growth of 0.4 percent thanks to solid expansion of its construction and export sectors. Ireland fell into recession in late 2012 but returned to growth in the three months to June of this year, official data revealed last month. Ireland was rescued with a massive bailout from the International Monetary Fund and the European Union in late 2010. Its economy had been through a period of turmoil in the run-up to the 2008 global financial crisis and after, amid soaring government debt, a property market meltdown, banking crisis and surging unemployment. Ireland is meanwhile set to unveil another painful austerity budget later this month. Ireland had been known as the \'Celtic Tiger\' economy for its double-digit growth spanning a decade from the mid-1990s.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf slashes irish growth forecasts Arab Today, arab today imf slashes irish growth forecasts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf slashes irish growth forecasts Arab Today, arab today imf slashes irish growth forecasts

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson returns to Saudi Arabia

GMT 17:43 2017 Sunday ,22 October

Tillerson returns to Saudi Arabia
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday