Bank of Ireland revises 2014 growth outlook to 2.8%

Bank of Ireland has revised upwards its economic growth outlook for Ireland to 2.8 per cent for 2014, and up to 3.4 per cent in 2015.

29th July, 2014
Improving external demand and favourable exchange rate movements are expected to underpin export growth

Bank of Ireland has revised upwards its economic growth outlook for Ireland to 2.8 per cent for 2014, and up to 3.4 per cent in 2015.

The first quarter of 2014 recorded solid growth and prospects for the second quarter also look good, the bank said, citing positive signals from export orders books, industrial production data and retail sales.

Commenting on the revised outlook, Loretta O’Sullivan, chief economist at Bank of Ireland, said “The recovery path that we are witnessing...

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