Growth forecast cut by 2% in face of ‘higher-for-longer’ inflation | Business Post

Paschal Donohoe, the finance minister, today published new forecasts from the Department of Finance. Picture: RollingNews.ie

The government has cut its growth forecasts for this year by more than 2 per cent in the face of"higher-for-longer" inflation as the costs associated with the war in Ukraine continue to mount. Paschal Donohoe, the finance minister, today published new forecasts from the Department of Finance in which officials warned of the negative effect of rising energy and commodity prices on the country’s economic prospects.€-EUR

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lakeland Dairies reports double-digit growth in sales and profits for 2021 | Business PostThe farmer owned dairy co-op processed almost 2 billion litres of milk last year and exported more than 280,000 tons of dairy ingredients to global markets.
Source: businessposthq - 🏆 8. / 71 Read more »

Workday sees Ireland as ‘central tentpole’ in growth strategy | Business PostThe finance and HR resources software platform last week announced 1,000 new jobs to be based in this country
Source: businessposthq - 🏆 8. / 71 Read more »