Central Bank raises 2015 GDP forecast to 5.8% from 4.1%

Ireland’s economic recovery accelerated in the first-half, expanding from the export sector to the domestic economy, the Central Bank said

1st October, 2015

Ireland’s economic recovery accelerated in the first-half, expanding from the export sector to the domestic economy, prompting the Central Bank to revise its GDP forecast for 2015 up to 5.8 per cent from 4.1 per cent.

In its quarterly bulletin, the bank said its expects gross domestic product (GDP) to rise by 4.7 per cent next year, up from its previous forecast of 4.2 per cent. It expects gross national product (GNP), which excludes the contribution...

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