Friday November 27, 2020

Government to cut 2013 growth forecast, says Noonan

Finance Minister Michael Noonan said there’s no question of Ireland defaulting despite a likely cut in the government's 2013 growth forecast.

8th November, 2012
Noonan said the government is “making progress” on “untangling” Ireland's bank debt.

Finance Minister Michael Noonan said said the government expects to raise its 2012 economic growth forecast of 0.7 per cent, while cutting the 2013 forecast.

He was speaking before the Oireachtas Joint Committee on Finance, Public Expenditure & Reform where he said that there is "no question of Ireland defaulting."

He said that revised forecasts for 2012 and "later years" will be produced "shortly".

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 10 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago