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Bank of Ireland downgrades forecast for 2011 economy growth

BANK OF IRELAND has scaled back its expectations of Ireland’s economic growth for 2011 – adding its name to a growing list of bodies that has baulked on its original forecast for growth. In its latest quarterly outlook, the bank forecasted growth of 0.5 per cent in GDP this year – compared to 1.5 per cent growth in previous forecasts.

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Author

Gavan Reilly

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