Export growth set to weaken this year, predicts Ulster Bank

The economy will this year maintain its growth at a snail’s pace, as export growth slows and GDP grows by just 0.4%, the latest Ulster Bank Irish Economic Outlook says.

The forecast from Ulster Bank’s chief economist, Simon Barry, is one of the bleakest to date.

It is well below the Department of Finance view that the economy could expand by over 1% this year.