Despite giveaway budget, S&P says Ireland still on course

Ratings agency affirming 'A+/A-1' sovereign credit ratings

Barry J Whyte

Chief Feature Writer @whytebarry
4th December, 2015
Irish income levels remain below their potential, according to S&P Pic: Getty

Ratings agency Standard & Poor's has affirmed its 'A+/A-1'credit ratings on Ireland's sovereign debt despite the recent furore over Ireland's giveaway budget.

According to the report released today, the agency said it expected Ireland's real gross domestic product to grow by just over 4 per cent on average between 2015 and 2018, "faster than most countries in the eurozone."

It said, "Despite the recently announced expansionary budget, we expect net general government debt to decline to...

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