‘Economic growth will continue to slow in 2012’

GROWTH in the Irish economy will continue to slow in 2012 as export growth slows and consumer spending remains subdued as people fret about the economy and their jobs, according to Davy chief economist Conall Mac Coille.

The projections comes in the wake of a Samaritans survey which found 68% of people are concerned about having enough to live on in 2012, with 49% worried about losing their jobs or struggling to find work.

Mr Mac Coille said Davy expects that Irish GDP growth will slow in 2012 to below the 1.1% they are currently forecasting for 2011.