Irish average annual GNP growth in 2011-2014 forecast to be 3.3%; Eurozone GDP growth in same timeframe predicted to be 2%
Apr 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The short-term outlook for the Eurozone remains challenging with GDP growth expected to rise by just 1% in 2010 and 1.6% in 2011, according to Ernst & Young’s new quarterly Eurozone Forecast (EEF), released today. Critically, unemployment is set to continue to rise until the first half of 2011 to a peak of more than 17 million people. Irish average annual GNP (gross national product- - excluding profits of the multinational sector) growth in 2011-2014 is predicted to be 3.3%. Growth in Eurozone GDP (gross domestic product) in that timeframe will be 2%.