Sunday May 31, 2020

Central Bank lowers 2017 growth forecast

Bank repeats that Brexit main risk to economic outlook, despite 'muted' effect so far

26th January, 2017
The former Central Bank building. Pic: RollingNews.ie

The Central Bank has lowered its economic growth forecast for this year, blaming a weaker outlook for exports.

In its latest quarterly bulletin, the bank said it expected gross domestic product (GDP) to grow by 3.3 per cent, down from the 3.6 per cent it forecast in its previous bulletin.

Chief economist Gabriel Fagan said the most reliable measures of spending and economic activity continued to suggest a “relatively healthy” pace of growth in the Irish economy,...

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