Central Bank cuts 2013 GDP forecast to 1.3%

The Central Bank has cut its growth forecast for the economy this year to 1.3 per cent from 1.7 per cent because of anticipated weaker external demand.

29th January, 2013
Central Bank

The Central Bank has cut its growth forecast for the economy this year to 1.3 per cent from 1.7 per cent because of anticipated weaker external demand.

“With growth in key trading partner countries projected to slow this year, weaker external demand is set to dampen Irish export growth in 2013 as compared to earlier expectations, while domestic demand is forecast to continue along its slow path towards stabilisation,” the bank said in its latest quarterly bulletin....

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