Tuesday, December 05, 2006

Ireland's GDP growth will peak at 5.6% next year, according to a new report from Goodbody Stockbrokers

RTE Business:

The new report on the Irish economy, which is called 'Forging Ahead', was launched today.

Chief economist at Goodbody, Dermot O'Leary, predicted that Ireland's GDP growth will remain strong into 2008. He said that he expected growth of about 3.5% in 2008.

According to the report, inflation will fall back to about 3.3% in 2007. Goodbody also said that it expected interest rates to peak in early 2007.

Goodbody says Irish tax revenues have trebled since 1995; Property-related taxes in Ireland now account for at least 17% of total revenues - up from 4% ten years ago

Stabilise property prices, expert advises

Rates of Irish service sector activity and new business growth were strong in November despite continuing to ease

UPDATE 1-Irish Nov consumer confidence up ahead of Budget

Personal finances affect consumer confidence


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