Austerity Works

at

Just not yet.

The European Commission has cut its growth forecasts for the Irish economy. The commission revised down its 2013 growth forecast for Ireland from 1.9% to 1.4%, with this year’s forecast also marginally down from 0.5% to 0.4%.

At least we have exports:

On the back of an increasingly challenging global outlook, the commission has also revised down 2013 export growth for Ireland from 4.25 to 3.5%.

Which will lead to further emigration easing the unem…

The projected unemployment rate has been revised upwards from a previous forecast of 13.7% in 2013 to 14.4% in 2014. The commission only expects a gradual fall in the unemployment rate to 13% by 2015.

Ah.

EU Growth Forecasts For Ireland (John Walsh, Irish Examiner

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