Economic growth to be revised downwards as Cabinet plans anti-inflation measures

Expectations revised in line with a recent downgrading by the Central Bank and the ESRI

Finance Minister Paschal Donohoe will bring revised estimates to Cabinet. Picture: Gareth Chaney/Collins

The Government is expected to revise downwards the predicted growth in the economy this year as a result of inflation and the Ukrainian crisis.

Finance Minister Paschal Donohoe will bring revised estimates to Cabinet on Wednesday in an update to the Government’s Stability Programme Update for 2022, which will set out macroeconomic and fiscal forecasts.