Central Bank revises Irish growth in 2011 slightly down; Says December budget must have a reprogrammed tighter fiscal plan
Oct 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank said today that taking account of the most recent data, the latest projection is for an average annual increase in the volume of Irish GDP (gross domestic product) of 0.2% this year, while GNP (gross national product) is forecast to fall by 1.7%. In 2011, GDP is expected to grow at about 2.4% in GDP terms and 1.7% in GNP terms. The Bank said the 2011 budget, which will be presented in December, must credibly demonstrates the first step of a reprogrammed tighter fiscal plan.