Ireland Economy 2012: Irish Economic Outlook; The debt/GDP ratio will rise to 124% in 2014
Jan 10th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Ireland Economy 2012: Goodbody today published its Irish Economic Outlook for 2012, identifying six key issues to watch out for in the coming twelve months. The brokers expect GDP (gross domestic product) growth of 0.7% (previously 1.2%), but GNP (gross national product -- mainly excluding profits of the multinational sector) is expected to decline by 0.8% (previously +0.7%), while domestic demand will contract by 2.6%. It is estimated that the debt/GDP ratio will rise to 124% in 2014.