Growth rate of economy not slowing: top economist

THE Irish economy’s growth rate is not slowing and there are no reasons to suggest otherwise, Bank of Ireland’s group chief economist Dan McLaughlin declared yesterday.

In a scripted speech to the Irish Home Builders’ Association, the normally upbeat Mr McLaughlin poured cold water on the pronouncements of a number of economic commentators who believe the rate of growth of the Irish economy is slowing considerably.

He concedes that there has been a spate of forecasts projecting a slowdown in growth.