IBEC says Irish GDP will expand 1.7% in 2011; Says no to carbon tax; Proposes €5bn fiscal adjustment; Jobs stimulus; Lower minimum wage
Oct 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
IBEC, the main Irish business representative group, says today in its pre-Budget submission, that GDP (gross domestic product) will fall by a further 1.6% in 2010 only returning to growth of around 1.7% in 2011. It calls for a €5bn fiscal adjustment; jobs stimulus; a deferral of a carbon tax and a lower minimum wage.