Central Bank of Ireland drops growth forecast for 2013


The Central Bank of Ireland again cut its growth forecasts for 2013 in its latest quarterly bulletin, released on January 29, as export growth slowed due to weakening global demand.

The bulletin forecasts a "gradual recovery in the overall level of economic activity, though at a slightly slower pace than previously projected". The central bank expects GDP to grow by 1.3% in 2013, revised downwards from 1.7% in its last forecast, and by 2.5% in 2014.

Domestically, the central bank identified the

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