IBEC upbeat as it raises growth forecast to 1%

Employers’ representative, IBEC has upped its outlook for economic growth this year to 1% — making the organisation one of the most bullish commentators on the economy.

While the increase is only marginal — up from 0.9% from its first-quarter economic outlook — the move is significant as the organisation had lowered its forecasts at the turn of the year.

Most relevant commentators are anticipating GDP growth of between 0.5% and 0.7%.