OECD expects Irish economy to grow by 5% this year

It says 'Brexit' would be felt most in Ireland, Luxembourg and the Netherlands

1st June, 2016
The OECD has revised its global growth forecasts down to three per cent this year and 3.3 per cent next year Pic: Getty

In its latest global economic outlook, the Paris-based think-tank also warned that 'Brexit' and the refugee crisis threatened world economic growth and warned that the global economy is slipping into a self-fulfilling "low-growth trap" where ultra-loose monetary policy risks doing more harm than good.

It said the world economy would fail to accelerate this year and is forecasting global growth of three per cent, followed by 3.3 per cent next year, with both down 0.3...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Elaine Byrne: Culture of discrimination won’t change until men tire of it too

Anton Savage: Feeling superior in the Land of the Free

Vincent Boland: Chronically underperforming Unilever long past its salad days

Ian Guider: Tax amnesty for pubs and restaurants may be only saving grace