• It has come to our attention that some users may have been "banned" when they tried to change their passwords after the site was hacked due to a glitch in the old vBulletin software. This would have occurred around the end of February and does not apply after the site was converted to Xenforo. If you believe you were affected by this, please contact a staff member or use the Contact us link at the bottom of any forum page.

Central Bank revises down growth for 2010 in Quarterly Bulletin


Dreaded_Estate

Well-known member
Joined
Sep 5, 2007
Messages
3,718
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

Well-known member
Joined
Sep 17, 2006
Messages
2,573
Fcks sake... no surprises tho
 

Dreaded_Estate

Well-known member
Joined
Sep 5, 2007
Messages
3,718
CB predicts GDP growth of 2.4% in 2011 against budget projections of circa 4%.
 
Joined
Sep 10, 2008
Messages
3,584
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

Well-known member
Joined
Feb 28, 2008
Messages
11,935
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

Well-known member
Joined
Aug 23, 2009
Messages
16,908
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

Well-known member
Joined
Jul 26, 2010
Messages
15,419
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

Well-known member
Joined
Mar 24, 2010
Messages
344
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

Well-known member
Joined
Jul 6, 2009
Messages
58,514
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 :)
 
Top