GDP growth of 5% forecast

GOODBODY STOCKBROKERS are forecasting gross domestic product (GDP) growth of 5% for the economy this year.

While the figure is 0.5% less than earlier forecast, it is well ahead of the Government’s revised figure of 3.6%.

Goodbody’s are confident the economy will continue to perform well, arguing that the gloom and doom spoken of since the hi-tech meltdown in the US has not been realised.