Irish Economy: Ernst & Young says global concerns may derail recovery: Pre-recession employment levels will not be seen until 2030
Nov 22nd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: The Ernst & Young Economic Eye has today announced it has upgraded its latest economic growth forecast for the Republic of Ireland (ROI), predicting positive economic growth in Gross Domestic Product (GDP) of 1.2% this year - - the first annual increase since 2007. However the forecast for GDP growth in 2012 has been downgraded to just 0.5%. Global concerns threaten to derail the recovery while today's report says pre-recession employment levels will not be reached until 2030 in ROI.