Economy could grow 2.9% next year, says European Commission

Ireland’s economy is set to grow by 1.8 per cent in 2014 and 2.9 per cent in 2015, the European Commission has forecast.

25th February, 2014
EU Commission headquarters in Brussels.

Ireland’s economy is set to grow by 1.8 per cent in 2014 and 2.9 per cent in 2015, the European Commission has forecast.

The general government deficit will fall to 4.8 per cent of GDP in 2014 and then fall 4.3 per cent in 2015, it said. That fall is based on an assumption that the government will not change economic policy.

The commission said that the risks to the fiscal forecast include the chance that the government may have to...

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