EU Commission forecasts Irish economic growth of 3% in 2011; Eurozone expansion of 1.5%
May 5th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The EU Commission in its Spring forecast published today (gateway page to full report, summary and individual country forecasts) says the Irish economy will grow by 3% in 2011 after a dip of 0.9% in 2010. Annual growth rates of about 1% are expected in both the Eurozone and the EU27 in 2010 while in 2011, GDP (gross domestic product) growth could accelerate to, or just above, 1.5%.