Irish Economy: IMF approves release of bailout funds; European Commission cuts its 2012 GDP forecast for Ireland to 1%
Dec 15th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: The International Monetary Fund (IMF) on Wednesday night approved the release of next tranche of funds under Ireland’s €85bn bailout program. Meanwhile, also on Wednesday the European Commission cut its 2012 GDP (gross domestic product) forecast for Ireland to 1%.