Noonan almost halves Budget projection for economic growth in 2012
The latest Stability Programme Update – which wasn’t expected until Monday – cuts growth projections from 1.3pc to 0.7pc.
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The latest Stability Programme Update – which wasn’t expected until Monday – cuts growth projections from 1.3pc to 0.7pc.
The next Stability Programme Update is due out next Monday – but Michael Noonan remains insistent that we’ll meet our targets.
Hayes said a proposed €400million in cuts “would harm the economy” as it struggles to regain growth.
The Irish Fiscal Advisory Council says the Budget’s projections for economic growth may have been too ambitious.
Ulster Bank also says we could be presented with the need for a mini-Budget, but advises against introducing one.