Central Bank revises down growth for 2010 in Quarterly Bulletin

Dreaded_Estate

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http://www.financialregulator.ie/publications/Documents/Quarterly Bulletin Q4 2010.pdf

CB revises down growth for 2010

Quarterly National Accounts data point to a decrease in GDP, in seasonally
adjusted terms, of 1.2 per cent during the second quarter of this year,
following an increase of 2.2 per cent in the first quarter. For 2010 as a
whole, GDP is forecast to increase in real terms by 0.2 per cent. GNP,
however, is expected to decline by about 1.7 per cent. The prospects are
for growth in GDP terms of about 2.4 per cent next year with GNP
increasing by about 1.7 per cent.
 


alonso

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Fcks sake... no surprises tho
 
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CB predicts GDP growth of 2.4% in 2011 against budget projections of circa 4%.

Can anyone really take their projections seriously now? Every time they project they get it wrong. It sounds more like a projection from the Ministry of Spin.
 

HarshBuzz

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CB predicts GDP growth of 2.4% in 2011 against budget projections of circa 4%.
what about GNP? that has to shrink again next year given the deflationary effect of the budget
 

Cassandra Syndrome

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Lovely. How much do these clowns get paid for a 169 Page report full of dartboard econometric models and fancy pants euphemisms for "We are so f***ed?"
 

gijoe

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We will have 3 straight years of negative growth - this really is a deep depression. I would not rule out 2011 seeing negative growth as well with the Eurozone, US and UK economies rapidly cooling in tandem, the Euro appreciating, and up to another €4.5billion being taken out of the domestic economy in the budget. I do not see much growth coming from any of above.......
 

the_rebubblican

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CB predicts GDP growth of 2.4% in 2011 against budget projections of circa 4%.
If true, it'll be a bloody miracle. The economy's dizzy now, one more thump and it could plummet. People would take the hit if a new government laid out a cast iron path to 2014. Any hint of needless pain by a discredited government will make the situation worse.
 

hammer

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GNP to increase 1.7% in 2011,

FANTASY ISLAND (IRELAND)

Consumption will fall by at least 5%

Mortgage rate increases
Water rates possible
Increased taxes
Less capital spending
Fear
Further retail unemployment

Can someone email the economic model that they use in NODDYLAND :)
 


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