IMF lowers growth forecasts for Ireland

UPDATE: The International Monetary Fund said Ireland faces rising challenges as it lowered its economic growth forecasts for the country.

10th September, 2012
“Challenges to reaching 2013 targets have increased,” the IMF said.

The International Monetary Fund said Ireland faces rising challenges to reach its fiscal deficit target next year, as the organisation lowered its economic growth forecasts for the country.

Gross domestic product will expand 0.4 per cent this year and 1.4 per cent next year, the Washington-based organisation said in a report today, lowering the June forecast of 0.5 per cent and 1.9 per cent, respectively. The government is targeting a deficit of 7.5 per cent...

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