Irish Economy: Davy cuts 2008 growth to 1% and 2009 to 2% because of tighter credit availability, exchange rate appreciation and no interest rate relief
May 28th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: Davy Stockbrokers has cut its macro forecasts for Ireland for 2008 and 2009 and now expects GNP volume growth of 1%, revised from 1.7%, in 2008 and 2% in 2009, cut from a level of 3.4%.