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Ireland trims GDP forecasts on domestic and external challenges

Written by Business World, on 16th Apr 2019. Posted in Economy

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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

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