Saturday, April 30, 2011

Ireland cuts 2011 economic growth forecast by half

The Department of Finance on Friday
night issued an Ireland - Stability Programme Update report for the
European Commission in which the 2011 growth forecast was cut by half.




The DoF issued an e-mail alert on
the report after 7 pm, to avoid having to answer questions on the report's
contents.
Two weeks ago, the IMF cut its
forecast for Ireland's 2011 GDP growth to 0.5% from 0.9% following weak growth
in the last three months of 2010.
In the latest DoF forecast,
gross domestic

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