Growth prospects ‘boosted’ by fall of euro

THE euro’s fall from grace will boost the growth prospects of the region, according to a new report.

It has fallen by 8% on average against the other major currencies since the start of the year, driven by the Greek fiscal crisis and fears about the currency’s future.

In his latest analysis Dan McLaughlin, chief economist, Bank of Ireland, says weaker growth prospects for the region is also a significant fact in the currency’s decline.