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20.06 - 11:39
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OECD forecasts Irish GDP growth of 4.2% for 2021
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The OECD has forecast that the Irish economy will grow by 4.2% in GDP terms this year. In its latest Economic Outlook, the Organisation for Economic Cooperation and Development said that pent-up consumer demand and the unwinding of excess savings could see the economy here grow by a further 5.1% next year.
The Paris-based think tank said that Government policies should not be cut back because of ongoing health and Brexit-related risks.
It said that as the economy opens up, supports should be more targeted at those at risk of becoming long-term unemployed. It also said a simper examinership scheme for debt-saddled small and medium sized companies would limit the potential long-lasting impact of Covid on the economy.
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