Irish Economy: Lenihan revises 2010 GDP growth forecast to 1% and GNP is expected to contract by 0.75%

Irish Economy: The Minister for Finance Brian Lenihan told the Dáil on Wednesday evening that the Department of Finance had raised its GDP (gross domestic product) growth forecast for 2010 to 1% and the GNP (gross domestic product) expected outcome to a shrinkage of 0.75%.

Related posts:

1. Irish economy is forecast to contract by 3.0% this year but will return to growth of 2.0% in 2011 – - measured in GNP terms
2. World economy remains fragile despite forecast growth in 2010 of 4.8% says IMF; Irish GDP growth of -0.3% in 2010 and 2.3% in 2011
3. Irish Economy: Central Bank says GNP will contract 1.5% in 2010; Recovery from H2 2010 will trigger GNP growth of 2.4% in 2011
4. Irish Budget 2011: Lenihan tells Dáil the Irish people will have to accept cuts in public spending and higher taxes; EU backing is of key importance
5. Irish Budget 2010: Lenihan confirms spending cuts of €4 billion; Details of Budget spending and tax changes