TotalMayhem
04-10-2011, 11:38 AM
Good news (http://www.rte.ie/news/2011/1004/economy.html) from the Department of Truth today:
The Central Bank has said the Irish economy should achieve growth of around 1% of gross domestic product this year.
In its quarterly bulletin, the bank revised its growth estimate up by 0.25% on the back of a stronger-than-expected economic performance in the second quarter.
Further down in the article, they have hidden this gem:
The Central Bank also argues the case for making a bigger Budget adjustment than the €3.6bn agreed for next year in the EU-IMF programme.
Expect some more “front-loading” in the next budget.
The Central Bank has said the Irish economy should achieve growth of around 1% of gross domestic product this year.
In its quarterly bulletin, the bank revised its growth estimate up by 0.25% on the back of a stronger-than-expected economic performance in the second quarter.
Further down in the article, they have hidden this gem:
The Central Bank also argues the case for making a bigger Budget adjustment than the €3.6bn agreed for next year in the EU-IMF programme.
Expect some more “front-loading” in the next budget.