Government raises forecasts for economic growth

Plan widely viewed as attempt to spur on government formation

26th April, 2016

The Department of Finance has upped its estimate of how quickly it expects the economy to grow this year.

In a statement tonight, it said now expects GDP to grow by 4.9 per cent this year and 3.9 per cent in 2017. It comes on the back of 7.8 per cent growth last year.

The new financial projection will give ministers more leverage for spending increases and tax cuts.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Susan O’Keeffe: The state is still failing mother and baby homes victims

Comment: Taking data as certain can lead to dangerous decisions

Data Diane Coyle 3 days ago

James O’Connor: Ireland could turn a higher rate of corporate tax into a win-win

Tax James O'Connor 4 days ago

Michael Brennan: Acid test of Greens’ peace deal will be what happens in Dublin Bay South

Home Michael Brennan 5 days ago