Minister for Finance, Public Expenditure and Reform Paschal O Donohue TD and Chief Economist John Mcarthy presenting revised macroeconomic and fiscal forecasts for the period 2019-2023
Government Buildings, Dublin 2
The revisions reflect a deterioration in the main markets that Irish firms export to, particularly the UK due in large part to Brexit uncertainty and the euro area where the economic cycle has peaked sooner-than-expected.
It also points to a softening in US growth in the short-term as the impact of fiscal stimulus there fades.
Some domestic indicators have also moderated in recent months, it says.