Government’s Growth Predictions: Insufferable Nonsense, Say Troika


How insufferable?

Oh, about two-thirds.

Ireland’s economy will grow at about a third of the pace forecast by the government, the country’s bailout partners said, as export growth slows.

Gross domestic product will expand 0.5 percent this year, representatives of the International Monetary Fund, the European Central Bank and the European Commission said today in Dublin. The troika in October forecast 1 percent growth, below the government’s 1.3 percent prediction.

“Ireland continues to face considerable challenges,” they said in a statement confirming the government had met its bailout targets in the fourth quarter. “Domestic demand remains subdued, unemployment high and trading partner growth is slowing.”

Irish Economy To Miss Government Growth Forecast, Troika Say (Bloomberg)

(Laura Hutton/Photocall ireland)



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