Monday, April 11, 2005

Davy Stockbrokers amends Irish growth forecasts upwards


There are no signs of a slow down in the growth of the Irish economy. Davy Stockbrokers has raised its growth forecasts for the Irish economy for the next two years mainly because it sees no indications of a dip in housing activity.

A report released today from economists Robbie Kelleher and Rossa White predicts that gross national product will expand by 5% this year and next year, compared with their previous forecasts of 4.2%.



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