Tuesday November 24, 2020

ESRI cuts growth forecast to 4.6% this year

The thinktank warned of a slowdown in global trade and 'Brexit' uncertainty

21st June, 2016
David Duffy and Ciara Morley of the ESRI Pic: RollingNews.ie

However, the institute expects growth to remain strong with GDP expanding by 4.6 per cent this year and 4.2 per cent next year.

In its latest quarterly economic commentary, the ESRI forecasts that unemployment will fall to 7.6 per cent by the end of 2016 before dropping to 6.5 per cent next year. It expects GNP (gross national product) – which excludes the multinational sector – to grow by 4.8 per cent this year and 4.3 per...

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