The International Monetary Fund has warned that there has been a 'marked deterioration' in Ireland's public finances, it emerged this week.
The international body criticised the coalition government for failing to sufficiently rein in public spending, and predicted GDP growth of just 3.2% this year - significantly lower than the majority of estimates offered by other bodies, some of whom have predicted growth rates as high as 7% for this year.
However, the IMF announced that it anticpates the Irish economy beginning to grow again in the second half of 2002, a verdict which gained the approval of Charlie Mc Creevy.
The Finance Minister was quoted in the Irish Independent on Thursday as commenting that: 'I agree with the view that the economic outlook is broadly favourable, although of course much depends on a global recovery.'
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment