Irish Economy: IBEC revises economic forecasts upwards; GNP predicted to grow by 1.6% in 2011
Jun 8th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: Business group IBEC today published its economic forecasts for 2010 and 2011 in its latest Quarterly Economic Trends. The GDP (gross domestic product) forecast has been raised to 2.3% in 2011 and GNP (gross national product which excludes the profits of multinationals in Ireland; total GNP is about 18% below GDP. In most countries, the two measures vary very little), is forecast to grew by 1.6%.