BoI expects economy to grow by 1%

GROWTH in the economy of 1% this year is on the cards, according to Bank of Ireland, which believes the pick up in the global economy will lift Irish exports.

It contrasts with the Government’s own forecast of a further fall of 1% in 2010, which is in line with the average projection for 2010.

Exports will provide the main economic stimulus while domestic demand should fall again.