(Bloomberg) -- Ireland's Economic and Social Research
Institute cut its forecast for economic growth for the next two
years, saying the slowdown in Ireland's property market will
expose weaknesses in the economy.
Gross domestic product will probably ease to 3.7 percent in
2008 from an expected 4.9 percent this year, the Dublin-based
ESRI said today in its quarterly report. It previously forecast
expansion of 3.9 percent in 2008 and 5.4 percent this year.
Read more at Bloomberg Bonds News
Institute cut its forecast for economic growth for the next two
years, saying the slowdown in Ireland's property market will
expose weaknesses in the economy.
Gross domestic product will probably ease to 3.7 percent in
2008 from an expected 4.9 percent this year, the Dublin-based
ESRI said today in its quarterly report. It previously forecast
expansion of 3.9 percent in 2008 and 5.4 percent this year.
Read more at Bloomberg Bonds News
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