Growth will return next year, says NIB

ECONOMIC growth will return in 2010 ending the dramatic decline of over 10% experienced in the last two years.

National Irish Bank says growth will be “tepid” next year with output marginally above 0% for the year.

It warns that the low interest rate regime will come to an end in August 2010 with rates going from 1% to 1.5% by the year end as the ECB moves to curb new inflationary pressures.