/Tag: growth
8 10, 2014

ESRI predicts economic growth of 5%

By | 2014-10-08T09:40:03+00:00 October 8th, 2014|Business|0 Comments

The Economic and Social Research Institute says the Irish economy will grow by about 5% this year and next year.  Because of the strong growth, it says the budget deficit will fall to just over 2% next year with a neutral budget. A fiscally-neutral Budget - one that does not increase [...]

7 10, 2014

Ibec predicts ‘spectacular’ growth of 6.1%

By | 2014-10-07T10:51:06+00:00 October 7th, 2014|Business|0 Comments

Employers group Ibec has upgraded its growth outlook for the year to 6.1% in GDP terms on the back of what it called "remarkably positive trends right across the economy". The group had initially pencilled in growth of 3.1% for this year. Ibec said the country's "spectacular" growth would make it [...]

3 10, 2014

Central Bank eyes GDP growth of 4.5% for this year

By | 2014-10-03T15:29:13+00:00 October 3rd, 2014|Business|0 Comments

The Central Bank has nearly doubled its prediction for economic growth this year, largely due to a higher than expected level of exports.  In its latest quarterly bulletin for this year, it now says that gross domestic product (GDP) will expand by 4.5% in 2014 compared to its prediction three months [...]

1 10, 2014

Manufacturing industry shows robust growth again

By | 2014-10-01T10:11:28+00:00 October 1st, 2014|Business|0 Comments

Investec's Manufacturing Purchasing Managers' Index fell to 55.7 in September from August's 15-year high of 57.3 Manufacturing activity expanded solidly in September, as firms stocked up on inventories in anticipation of a further rise in new orders in the coming months.  The Investec Manufacturing Purchasing Managers' Index fell to 55.7 in [...]

27 09, 2014

US Q2 growth estimate raised to 4.6%

By | 2014-09-27T22:28:57+00:00 September 27th, 2014|Business|0 Comments

The US economy grew at its fastest pace in two and a half years in the second quarter of 2014 and activity was broad-based, in a bullish signal for the rest of the year.  The Commerce Department today raised its estimate of gross domestic product to show the economy expanded at [...]

18 09, 2014

Noonan upgrades growth forecast again

By | 2014-09-18T17:41:43+00:00 September 18th, 2014|Business|0 Comments

1 of 2 Finance Minister Michael Noonan says he is now looking at a fiscally neutral Budget next month Irish economy records second successive quarter of strong growth, with GDP coming in at 1.5% Finance Minister Michael Noonan has said the economy may grow by as much as 4.5% this year. [...]

15 09, 2014

OECD cuts growth forecasts, urges ECB action

By | 2014-09-15T13:32:55+00:00 September 15th, 2014|Business|0 Comments

OECD's director general Angel Gurria cuts growth forecasts for most advanced economies The OECD slashed its growth forecasts for major developed economies today, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.   The call adds to growing pressure on the European [...]

5 09, 2014

US job growth slowed significantly in August

By | 2014-09-05T17:33:47+00:00 September 5th, 2014|Business|0 Comments

Economists had expected US nonfarm payrolls to increase by 225,000 during the month US job growth slowed down sharply in August and more Americans gave up the hunt for work, giving a cautious Federal Reserve more reasons to wait a bit longer before raising interest rates. Nonfarm payrolls increased 142,000 last [...]

5 09, 2014

US job growth weaker than expected in August

By | 2014-09-05T02:20:43+00:00 September 5th, 2014|Business|0 Comments

Separate data has shown that US exports grew by almost 1% in July as goods orders increased US companies hired fewer workers than expected in August, but the trend in job growth remained consistent with a sturdy economic performance in the third quarter. That view was reinforced by other data today [...]

28 08, 2014

3.1% GDP growth predicted for 2014; Reuters poll

By | 2014-08-28T19:15:37+00:00 August 28th, 2014|Business|0 Comments

The rise from June's poll forecast of 2.3% growth in gross domestic product this year follows a string of positive economic data The Irish economy is set to grow by 3.1% this year, a percentage point more than the government is forecasting, a Reuters survey of 12 economists found. The rise [...]