Merrill Lynch forecasts Irish economic growth of 1.6%
The company — which acts as the wealth management arm of Bank of America — issued its bullish outlook, yesterday, but tempered the positivity by suggesting that 2012 will still see a weaker euro and slower global growth.
In a presentation in Dublin, Bill O’Neill — chief investment officer for Merrill Lynch Wealth Management in the EMEA region — added that oil prices will remain flat in the first half of this year, before rising on demand in the second half. He also said that there will be “little value” in core sovereign bonds, with dramatic sell-offs of national debt unlikely.
