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IBEC revises up growth forecast

IBEC is forecasting strong growth in the Irish economy this year. The employers group says it expect...
TodayFM
TodayFM

6:10 AM - 13 Apr 2015



IBEC revises up growth forecas...

News

IBEC revises up growth forecast

TodayFM
TodayFM

6:10 AM - 13 Apr 2015



IBEC is forecasting strong growth in the Irish economy this year.

The employers group says it expects GDP to be 5.4 percent - up from its previous estimate of 4.8 percent at the end of last year.

It also says unemployment will fall below 9 percent in 2015.

Chief Economist at IBEC Fergal O'Brien, says favourable exchange rates, quantitative easing and lower oil prices are why they've decided to revise up their growth forecast:



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