Goodbody Stockbrokers in a report on the Irish economy today said that short-term headwinds are getting stronger. It says that an unhelpful cocktail of factors are set to adversely impact Irish economic growth prospects in the short term. Economic growth forecasts have been adjusted to reflect these hurdles. Goodbody now expects GDP growth of 1.1% in 2008 (0.8% GNP), down from a previous forecast of 2.3%. For 2009, a rebound is said to be still likely but at a below trend rate of 2.0% (previously 2.5%)
Goodbody Stockbrokers slashes Irish economic growth in 2008 to 1.1%
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