Industry & Business

Central Bank Revises Irish Growth Projections

Central Bank Revises Irish Growth Projections

July 27
11:50 2016


After Brexit, the Central Bank has revised its growth projections for the Irish economy for the next year.

They plan for Irish GDP growth to be 0.2 points lower for 2016 than they had originally planned. In 2017 they expect it to drop by 0.6 points. Dispite this, they are still predicting a growth of 4.9pc in 2016 and 3.6pc in 2017.

Overall, they believe that the economic future of the Republic is favorable.

The latest GDP data for 2015 showed a growth of 26pc in 2015 which was attributed to Ireland’s multinational sector. And they continue to expect growth in the domestic economic activity in Ireland.

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