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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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Ireland WeatherThis Evening and Tonight:Any showers dying out this evening. Then the rest of the night will be dry with variable amounts of cloud. Low cloud and fog developing in the early hours. Minimum temperature 10 °C.
