Ireland’s reserve bank raised the growth projections for this year and next again, mentioning weaker than anticipated import growth and better financial investment outlook.
The development projection for this year as raised to 4.9 percent from 4.5 percent forecasted previously, the Reserve bank of Ireland stated in its newest quarterly publication released on Thursday.
The forecast for next year was raised to 3.9 percent from 3.6 percent.
“The Irish economy has performed highly this year although forecasted growth in headline GDP promises to overemphasize the strength of underlying developments,” the bank said.
“This modification shows both weaker than anticipated import development and an upward modification to forecast investment in intangible assets this year,” the bank included.
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