Menu
02/02/2012
Mini Budget More Likely - SF
Sinn Fein have said the downward growth forecast by Ireland's Central Bank means a mini-budget is more likely.
Speaking in response to today’s Central Bank growth forecast downgrade Sinn Féin's Pearse Doherty said that the downgrade demonstrated that "once again that austerity not working".
Deputy Doherty said: "Today’s announcement that the Central Bank is downgrading its 2012 DGP growth forecasts by 1.3% makes a mini budget more likely.
"It also demonstrates once again that the government’s policies of austerity are not working."
Mr Dogherty said it was the sixth downgrade of Irish growth forecasts for 2012 and that the figures represented a serious challenge to the government.
"The Minister for Finance is previously on the record in response to questions from me that a 1% in GDP reduction in as a rule of thumb would see a loss of €800 million in revenue from the state."
(DW/GK)
Speaking in response to today’s Central Bank growth forecast downgrade Sinn Féin's Pearse Doherty said that the downgrade demonstrated that "once again that austerity not working".
Deputy Doherty said: "Today’s announcement that the Central Bank is downgrading its 2012 DGP growth forecasts by 1.3% makes a mini budget more likely.
"It also demonstrates once again that the government’s policies of austerity are not working."
Mr Dogherty said it was the sixth downgrade of Irish growth forecasts for 2012 and that the figures represented a serious challenge to the government.
"The Minister for Finance is previously on the record in response to questions from me that a 1% in GDP reduction in as a rule of thumb would see a loss of €800 million in revenue from the state."
(DW/GK)
Related Irish News Stories
Click here for the latest headlines.
08 August 2014
Fine Gael Welcomes ESRI Report
The latest report from the Economic and Social Research Institute (ESRI) has been welcomed by Fine Gael. They have described it as a "testament to the policies implemented under the current Government.
Fine Gael Welcomes ESRI Report
The latest report from the Economic and Social Research Institute (ESRI) has been welcomed by Fine Gael. They have described it as a "testament to the policies implemented under the current Government.
21 January 2013
Employer's Group Forecast Economic Growth Of 1.8%
Ireland’s economy grew by 1.2% in 2012 and it is predicts it could grow by 1.8% in the coming year, according to employer’s group IBEC. Last years growth made Ireland the second fastest growing economy in the eurozone. The IBEC believes a slight increase in domestic demand will help the economy to grow at a slightly stronger rate this year.
Employer's Group Forecast Economic Growth Of 1.8%
Ireland’s economy grew by 1.2% in 2012 and it is predicts it could grow by 1.8% in the coming year, according to employer’s group IBEC. Last years growth made Ireland the second fastest growing economy in the eurozone. The IBEC believes a slight increase in domestic demand will help the economy to grow at a slightly stronger rate this year.
20 January 2011
Migration To Hit 50,000 This Year
Ireland's level of migration is expected to reach 50,000 this year, according to new figures published by a Government research institute.
Migration To Hit 50,000 This Year
Ireland's level of migration is expected to reach 50,000 this year, according to new figures published by a Government research institute.
11 July 2008
Broker Expects GDP To Fall By 2.2%
A leading stockbroker firm has turned its previous forecast on its head, suggesting Ireland's gross domestic product (GDP) will see negative growth this year. In its most pessimistic forecast yet for the Irish economy, stockbrokers Goodbody predicted house prices will fall by a hefty 30%, while reversing its previous forecast of a GDP rise of 1.
Broker Expects GDP To Fall By 2.2%
A leading stockbroker firm has turned its previous forecast on its head, suggesting Ireland's gross domestic product (GDP) will see negative growth this year. In its most pessimistic forecast yet for the Irish economy, stockbrokers Goodbody predicted house prices will fall by a hefty 30%, while reversing its previous forecast of a GDP rise of 1.
11 April 2011
BOI Reveals 'Unwelcome' Economic Trends
In its latest quarterly update the Bank of Ireland (BOI) has forecast growth levels as more modest than expected. In 2011, the economy will grow by 0.5% - which is 1% down from the previous forecast. The bank's outlook highlighted "two surprising and unwelcome" economic trends over the past month.
BOI Reveals 'Unwelcome' Economic Trends
In its latest quarterly update the Bank of Ireland (BOI) has forecast growth levels as more modest than expected. In 2011, the economy will grow by 0.5% - which is 1% down from the previous forecast. The bank's outlook highlighted "two surprising and unwelcome" economic trends over the past month.
-
Ireland WeatherThis Evening and Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
