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21/01/2013
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.
The forecast is higher than the governments own prediction.
IBEC also point to a survey of employers, in which 39% say they expect to increase pay by an average of 2%.
However, six out of ten employers say they will freeze pay at 2012 levels in a bid to regain competitiveness.
It also forecasts no increase in consumer spending.
(H)
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.
The forecast is higher than the governments own prediction.
IBEC also point to a survey of employers, in which 39% say they expect to increase pay by an average of 2%.
However, six out of ten employers say they will freeze pay at 2012 levels in a bid to regain competitiveness.
It also forecasts no increase in consumer spending.
(H)
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