Central Bank of Ireland, Quarterly Bulletin 1/2005

The Irish central bank published its first Quarterly Bulletin of 2005 on Tuesday 1 February. The Bulletin reports that the outlook for the Irish economy in 2005 remains positive; the Bank is forecasting GNP growth for 2005 of about 4.75 per cent (GDP 5.25 per cent). However a number of risks remain, the report said.

External risks include the strength of the euro and the uncertainty surrounding oil prices. Domestically, the high level of house prices and the strong growth in credit still cause

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