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Ireland cuts 2011 GDP forecast

By   || April 29, 2011 at 18:11 GMT
|| 2 comments || Add comment

The government now sees 0.8% growth in 2011, down from 1.7%. Next year, they expect 2.5%, down from 3.2%.

The 2011 deficit will reach 10% of GDP this year, up from a 9.4% forecast. 2012 is seen at 8.6% from an earlier 7.3% forecast.

The debt to GDP ratio will reach 111 from 98.6% this year, and 116% from 102.0% next year, Reuters reports.

Clever of my Irish cousins to bury the news on a Friday afternoon ahead of a long weekend…

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2 Responses to “Ireland cuts 2011 GDP forecast”

  1. nenad on April 29th, 2011 18:28 GMT

    Spain and Ireland data today, Portugal on life support and Greece already dead.
    ECB raising rates, is this a perfect storm in the making?

  2. luis costa on April 29th, 2011 18:55 GMT

    Euro-joke reminds me of a series my daughter is watching these days “Everything’s Rosie”….it really has become a child’s joke and game, this Europe madness……………….

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