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
Government to cut 2013 growth forecast, says Noonan
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".

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