Ireland trimmed its gross domestic product (GDP) forecasts for 2019 and 2020 on Tuesday, citing a more challenging external environment and moderation of some domestic indicators in recent months.
The finance ministry still sees Europe's fastest growing economy expanding strongly with GDP rising 3.9% this year and 3.3% next, contributing to a higher budget surplus in both years.
The ministry forecast in January that if Britain had left the European Union in a disorderly manner on its original exit date of March 29, GDP growth could have slowed to 2.7% this year and around 1% next year. (Reuters)
Source: www.businessworld.ie