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Posts Tagged ‘jobs’

THE ONLY WAY IS UP?

The OECD became the latest forecaster to raise its forecast for the Irish economy which it did last month as part of its twice-yearly Economic Outlook.

The latest projection from the Paris-based policy advice body envisages that the Irish economy will contract by 0.7% on average this year in GDP terms, much less than the 2.3% decline projected in its previous forecast round in November.  Moreover, its forecast for next year was revised up by even more.  The economy is now expected to grow by 3% in 2011, up considerably from the 1% it was pencilling in in November.

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