IMF cuts Irish GDP 2011 growth forecast in half; Says global economic recovery gaining strength
Apr 11th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The International Monetary Fund (IMF) has cut its Irish GDP (gross domestic product) growth forecast in half and sees growth in 2011 at 0.5%, compared with a forecast of around 1% late last year. It says the global economic recovery is gaining strength, with world growth projected at about 4½% in both 2011 and 2012, but unemployment remains high, and risks of overheating are building in emerging market economies.