Economists cut forecasts for Ireland’s mid-term growth

ECONOMISTS have cut their forecasts for Ireland’s mid-term growth, a Reuters poll showed yesterday, underlining the challenge facing the government as it tries to cut its debt mountain.

The median forecast of 10 economists polled said gross domestic product (GDP) would grow by 2.0% in 2012, down from 2.2% in last month’s survey.

The economy will expand by 2.85% in 2013, below a forecast of 3.0% last month, the poll showed.