Find a page

Central Bank raises GDP forecast
30 Jul 2015 00:12
The Central Bank has raised its growth forecasts for 2015 and 2016 due to stronger domestic spending and an ever-growing demand for Irish exports.
-
It said the economy is now growing so strongly there is no need for a fiscal stimulus programme to boost growth and any excess Government revenue should be used to reduce debt levels.
-
In its latest Quarterly Bulletin, the Central Bank said it expected Gross Domestic Product growth of 4.1% this year - an upward revision of 0.3 percentage points on its last forecast.
-
It believes the economy will grow by a further 4.2% next year, which is 0.5 percentage points higher than the April forecast predicted.
-
Gross National Product, meanwhile, is forecast to grow by 4.2% this year and 3.8% in 2016.
-
The Central Bank said the slow recovery of the euro zone economy has helped boost the sale of Irish goods abroad, as has the country’s trade links with Britain and the United States.
-

Where can I get RTÉ Aertel Digital?

RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

RTÉ Aertel Digital is available on Saorview, the new free digital TV service in Ireland.
Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.