Ireland business Coronavirus growth Ireland

4.5% growth in economy forecast despite Covid damage

Reading now: 391
www.rte.ie

Minister for Finance Paschal Donohoe will publish the Stability Programme Update later today which will set out new deficit and growth targets for the economy.

RTÉ News understands it will project growth of 4.5% in the economy this year, with a budget deficit equal to 4.7% of Gross Domestic Product, but much of this will depend on the success of the vaccination programme.

A separate measure for the domestic economy shows a lower growth rate this year but a higher rate next year. The Stability Programme Update (SPU) is required under European budgetary rules.

The Department of Finance only publishes two sets of economic forecasts every year, the one today and one at Budget time in October.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA